Luxury home sales fell by 60 per cent in the GTA, Oakville and Hamilton: RE/MAX
Luxury home sales in the Greater Toronto Area, Oakville and Hamilton-Burlington have fallen by almost 60 per cent year-over-year, according to a RE/MAX report.
The real estate company says 76 freehold and condominium properties in the GTA sold for more than $3 million between Jan. 1 and Feb. 28, down from 180 sales during the same period last year.
In Oakville, six homes in the same price range sold early this year, in comparison to 15 a year ago.
Homes priced above $1 million in Hamilton-Burlington saw a 55 per cent drop to 59 homes sold at the start of the year from 133 in 2017.
Though RE/MAX says the luxury market's record-breaking pace from last year has slowed, it is still expecting plenty of activity this year.
Already RE/MAX says it has seen increases in luxury home sales in the GTA's Kingsway/Princess Anne Manor and Rosedale neighbourhoods, where 10 homes have sold so far this year, including the most expensive one for $8.4 million.
Drew Hunter scored the game's first goal 9:31 into game one and the IceDogs never trailed, winning a hard fought 4-2 home ice win over Oshawa. With the victory, the 'Dogs hold a 1-0 series lead in the best of seven Eastern quarter-final with the Generals.
Friday night, the IceDogs open their best of seven quarter-final series on home ice versus the Generals, some tickets are still available. The 'Dogs have also announced a bus trip to Oshawa for game three and four.
A very successful 2017-2018 IceDogs regular season came to an end Saturday afternoon with a 6-3 win over Mississauga. A sellout St Patty's Day Meridian Centre crowd watched Niagara record their 35th win of the season for a total of 80 points in the OHL's Eastern Conference as Johnny Corneil lead the way with a goal and two assists.