Carriage Trade Report 2007

Posted in Real Insights | June 13, 2007

Did you know that sales of carriage trade homes have increased in almost all major centres across Canada, according to the newly released 2007 Royal LePage Carriage Trade Survey? The average national unit increase was 24%. Royal Lepage CEO Phil Soper explains, “ Buoyant economic conditions and confidence in the market have ignited a growing passion for investing in luxury property among an increasing number of Canadians.  Consequently, homes in this market niche have been trading briskly.” Amplifying the growth is the trend among affluent Canadians to own more than one home. Soper adds, “Prosperous Canadians see real estate as an important element in their investment portfolios. In fact, 25% of wealthy homeowners own two properties, and 8% own three residences or more.”