The Institute’s Luxury Market Report is your guide to an analysis on the trends and comparative data on the top-residential markets throughout Canada and the United States.
This month’s reports looks at why its important to understand emerging trends when the real estate market is static.
At first glance statistics in the overall North American luxury market show very little change in the demand for properties, number sold, average values and days on market. However, when digging a little deeper it becomes increasingly clear that money has been shifting gradually into new markets. Today’s home purchase decisions are based on choosing properties that offer a lifestyle with experiences and amenities.