NAR: Library: Power Tools: Power Tools for International Real Estate Practitioners: Canadian Multimillion-Dollar Properties on the Rise

While $1 million may not get you much in New York it will get you a pretty decent place in Canada. According to the Canadian Real Estate Association home prices in Canada average $280,816 Canadian. However, the number of homes selling for $1 million or more is on the rise. Forbes reports that "the number of homes in Calgary, Alberta, costing $1 million Canadian increased 160.4% from third-quarter 2005 to third-quarter 2006. Greater Vancouver saw a 57.2% increase while Greater Toronto, Montreal and Victoria all saw the numbers of $1 million homes rise 20%." Legacy homes and luxury condos are among these multi-million dollar properties.

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Power Tools for International Real Estate Practitioners

Canadian Multimillion-Dollar Properties on the Rise

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