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Canada: Housing market cooling, but ‘palatial’ homes still strong

Posted on 17 May 2012

Canada’s real estate market may be cooling, but a new report says high-end homes are still going strong. Re/Max said its Upper-End Report (which has something of a ring to it) found continuing demand for luxury abodes in the first quarter of the year.
Thirteen of 16 major cities saw an increase in price, the majority in the double-digit area. Ten centres set records. Regina saw the heftiest gains, followed by Quebec City, Toronto and the Ontario regions of London and Kitchener-Waterloo………………………………………..Full Article: Source

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