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TORONTO — Sales of luxury homes in two of Canada's most expensive cities fell this year, as the high-end real estate market continued to feel the impact of foreign buyers taxes.

He says luxury homeowners may have also been hesitant to list this year amid signs that the country's housing market may be cooling, choosing instead to "wait it out. Although luxury home sales are weakening, Single and looking 27 Burnaby 27 in the low-end of the luxury condo market saw increases driven mainly by millennials who abd using their inheritances and baby boomers looking to downsize, the report said.

Alexander says condos appeal to baby boomers because they can get more value for their money, especially in the major cities. They don't need so much space anymore.

Their single-detached home is worth a fortune and now they can buy a really nice luxury condo that is not as big in a really great urban area where they have access to a more urbanized lifestyle, more action," he said. A lot of llooking has Singl do with pedigree. If you buy with a million in Toronto or Vancouver, it doesn't get Single and looking 27 Burnaby 27 a luxury home but if you get a suite in the Four Seasons or the Shangri-La or the Ritz-Carlton.

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You're going to get a small condo in a luxury building with all the luxury amenities. You've got that pedigree piece that is appealing to the higher end of the market.

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Calgary saw their condo sales in this price range jump by three per cent, while Victoria sales climbed 19 per cent. Find out what's happening in your community and submit your own local events.

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Builders work on a new home in North Vancouver, B. Luxury home sales in two of Canada's most expensive markets are down from a year, as the high-end real estate market feels the effect of foreign buyers taxes.

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