Canada’s luxury real estate market has experienced “unprecedented levels of growth” throughout the first half of 2021 according to the recent Engel & Volkers Mid-Year Luxury Real Estate Market Report.
Though the real estate market across Canada has started to slightly ‘cool off’ since its record-breaking spring earlier in 2021, the overall forecast for luxury home markets across the country is expected to stabilize in the short term, while in the long is expected to increase, explains the report.
Many contributing factors to the continued demand for luxury real estate throughout Canada can include low-interest rates, shifting homeowner priorities, easy access to borrowing, and sayings from those who were employed throughout the pandemic.” ... READ MORE
