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Housing Market Update - February 2011
Watch BCREA Chief Economist Cameron Muir discuss the January 2011 statistics and an in depth look at the differing BC market conditions.
ReMax reports record-breaking sales of luxury homes
Luxury homes sales not only recovered from recessionary depths in the first quarter of this year, ReMax Canada said they shattered previous all-time records in most Canadian cities studied.
Attributing the upswing in sales to “improved economic performance, increased personal wealth, immigration and foreign investment” in its Upper End Market Trends report, ReMax Canada said previous sales records for high-end homes broke records in nine of the 13 regions examined.
The real estate sales company didn't provide statistics to back up the reasons for the bounce in sales, but did allow that the comparisons to last year's first quarter are flattering because very few people were buying and selling through the recession.
Dick was out at the CREA Annual General Meeting this March and had the opportunity to meet and chat with General Rick Hillier. Those of you familiar with Dick's service to Canada both as an RCMP officer as well as part of two UN tasks forces can understand what a thrill this was for him. The General spoke on leadership and was a captivating and engaging speaker. Maybe he will need a recreation property here in Kamloops!
Luxury homes sales not only recovered from recessionary depths in the first quarter of this year, ReMax Canada said they shattered previous all-time records in most Canadian cities studied.
Dick was out at the CREA Annual General Meeting this March and had the opportunity to meet and chat with General Rick Hillier. Those of you familiar with Dick's service to Canada both as an RCMP officer as well as part of two UN tasks forces can understand what a thrill this was for him. The General spoke on leadership and was a captivating and engaging speaker. Maybe he will need a recreation property here in Kamloops!