Latest Videos
The information you requested is not available at this time, please check back again soon.
(Bloomberg) -- VinFast, an electric carmaker backed by Vietnam’s richest man, has filed for an initial public offering in the US just as it prepares to deliver its first SUVs to California customers later this month.
(Bloomberg) -- Sitting in a lake teeming with wildlife, several hours by train from Seoul, Korea’s Legoland is an unlikely poster child for the global struggle to fight inflation while maintaining financial stability.
The sudden end to the cheap money era is drawing fresh scrutiny to how European landlords account for their debt loads.
Los Angeles voters approved a tax on the sale of mansions and other multimillion-dollar real estate transactions to raise money for affordable housing in the second-largest US city.
(Bloomberg) -- Soaring rents forced millions of young Americans to move back in with their parents this year, according to a new survey.
May 10, 2018
There’s another sign that Canada’s second-largest city is the next hot housing market.
The Greater Montreal Area posted the country’s biggest increase in detached luxury home prices in the first quarter, with the median price climbing more than nine per cent to $1,569,515 from the same period in 2017, according to a Royal LePage report released Thursday.
Meanwhile, the median price of a luxury condominium in Montreal rose nearly four per cent year-over-year to $1,247,833, Royal LePage said.
“Compared to other world-class cities, Montreal offers the best real estate value on the planet,” Phil Soper, president and CEO of Royal LePage, said in a release.
“A buyer’s purchasing power is significantly higher in the Greater Montreal Area when compared to other Canadian and international cities.”
Montreal home sales surged 10 per cent year-over-year in April, while condo sales soared 18 per cent, according to data from the Greater Montreal Real Estate Board released earlier this week.
Montreal’s big gains come amid softening demand in Vancouver and Toronto’s detached luxury homes segment, as both buyers and sellers in the country’s hottest housing markets face a number of new federal and provincial housing measures.
In the Greater Toronto Area the median price of a luxury detached home remained relatively flat, down about 0.2 per cent at $3,522,117, while the median price of a luxury condo rose more than 10 per cent to $1,710,365.
The median price of a Greater Vancouver luxury detached home was up 5.2 per cent to $5,792,941 in the same period, while the price of a luxury condo rose seven per cent to $2,503,873.
Royal LePage also said it expects the median price of a detached home in Greater Vancouver will decline three per cent in the first quarter of 2019, compared with the same period this year.Related
