{"id":7945,"date":"2018-01-13T11:11:15","date_gmt":"2018-01-13T19:11:15","guid":{"rendered":"http:\/\/www.roryc.ca\/blog\/?p=7945"},"modified":"2018-01-12T14:11:49","modified_gmt":"2018-01-12T22:11:49","slug":"luxury-real-estate-destinations-to-look-out-for-in-2018","status":"publish","type":"post","link":"https:\/\/www.roryc.ca\/blog\/2018\/01\/luxury-real-estate-destinations-to-look-out-for-in-2018\/","title":{"rendered":"Luxury Real Estate Destinations to Look Out for in 2018"},"content":{"rendered":"

In a recent report, global real estate firm Engel & V\u00f6lkers outlined the most promising luxury property trends in four major Canadian cities \u2013 namely, Vancouver, Toronto, Montreal, and Calgary.<\/p>\n

The report came amid findings that the highest asking price for a detached home in the first three quarters of 2017 was $35.8 million, for a property in Vancouver\u2019s Shaughnessy neighbourhood.<\/p>\n

Vancouver
\nInternational buyers are the main drivers of activity in Vancouver luxury housing, comprising 85% of the transactions in that market segment. The largest buyer group hails from China, followed by French and German nationals. The city\u2019s small-scale lofts are proving especially popular among wealthy millennials.<\/p>\n

Toronto
\nStrong demand driven by robust population growth along with scarce supply will ensure steady growth in the Toronto luxury segment. In stark contrast to Vancouver\u2019s conditions, domestic buyers comprise 80% of the city\u2019s luxury purchases. The relatively small proportion of international buyers comes mostly from China and Iran.<\/p>\n

Montreal
\nLow inventory and high demand will impel strong price increases in Westmount and Sud-Ouest this year. Would-be buyers are strongly encouraged to look out for Pointe St-Charles, which is likely to be the next great investment neighbourhood.<\/p>\n

Calgary
\nCalgary\u2019s West Side and inner city are projected to attract the most interest from developers and buyers in 2018, with the planned opening of an Amazon site slated to create 750 new jobs giving the property market an extra boost.
\nThe highest-end residential addresses in the city include downtown Calgary, West and Northwest Calgary, and Pump Hill.<\/p>\n

Luxury Real Estate Destinations to Look Out for in 2018<\/a> by Ephraim Vecina | Canadian Real Estate Wealth<\/p>\n","protected":false},"excerpt":{"rendered":"

In a recent report, global real estate firm Engel & V\u00f6lkers outlined the most promising luxury property trends in four major Canadian cities \u2013 namely, Vancouver, Toronto, Montreal, and Calgary. … [read more<\/a>]<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[8],"tags":[],"class_list":["post-7945","post","type-post","status-publish","format-standard","hentry","category-market-updates"],"yoast_head":"\nLuxury Real Estate Destinations to Look Out for in 2018 • Rory C Real Estate | Oakwyn Realty<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.roryc.ca\/blog\/2018\/01\/luxury-real-estate-destinations-to-look-out-for-in-2018\/\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta 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