The demand for Toronto luxury homes has been stable in 2008, particularly for properties listed above $1.5 million. However, the number of luxury homes available for sale was down almost 20% when compared to 2007. Traditional favourites such as Bridle Path, Forest Hill, Lawrence Park and Hogg's Hollow saw a slump in sales activity, while Rosedale and the Kingsway remained stable. It is anticipated that the market in 2009 will continue to favor buyers. This may be a good time to buy for anyone looking to invest in Toronto luxury homes.
If you are looking for Toronto luxury homes, you may begin your search here by using the property search above. If you have any questions regarding any real estate of interest to you or you would like more information about the Toronto luxury homes market please feel free to contact Lea Barclay for all of your real estate needs.
