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Toronto- World's hottest Luxury Real Estate Market

The Canadian city of Toronto was the hottest luxury real estate market in 2014, bucking a slowing trend in the world's top property hubs, according to a new report from Christie's International Real Estate.

In 2014, year-on-year luxury real estate sales slowed in the nine of the world's top 10 property markets, which top-end international realtor Christie's ranked by sales prices, average prices per square foot and number of luxury sales. Homes priced at $1 million or more were classed as "luxury."

While sales slowed in all of Dubai, Hong Kong, London, Los Angeles, Miami, New York, Paris, San Francisco and Sydney, sales grew in Canada's commercial capital of Toronto by a hearty 37 percent.


Quoted from http://www.cnbc.com/id/102635327



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