Montreal Sees an Uptick in Luxury<\/h2>\n\n\n\n![\"A](\"https:\/\/www.zolo.ca\/blog\/wp-content\/uploads\/2018\/06\/Montreal-luxury-condo-275-Rue-St-Jacques-1024x683.jpg\")
Sotheby’s<\/figcaption><\/figure>\n\n\n\nThe Greater Montreal Real Estate Board (GMREB) reports that 2017 held the second highest number of transactions ever recorded and a Sotheby\u2019s International report found that the sale of homes over the $1-million mark increased by 20% in the first months of 2018.<\/p>\n\n\n\n
It\u2019s easy to see why many people would love to plant their home base in Montreal, Quebec. With the beautiful scenery, historical culture and affordable lifestyle \u2014 it\u2019s not just luxury real estate that\u2019s making a name in this up-and-coming city. It\u2019s retail, too. Craig Patterson, Editor-in-Chief for Retail Insider says the city has seen unprecedented growth in the world of luxury marketing this year. Recently, Montreal has seen an uptick in potential luxury flagships like the ones more commonly seen in Toronto, Vancouver and Calgary shopping centres and include Louis Vuitton, Hermes, Chanel and Dior.<\/p>\n\n\n\n
When you start to see this type of movement in the retail world, you have to acknowledge that wealth is becoming more evident in all areas. \u201cThe lifestyle isn\u2019t just the home. It\u2019s everything. It\u2019s restaurants, it\u2019s clothing and it\u2019s services,\u201d says Patterson. \u201cI think we\u2019re seeing Montreal become a little bit more desirable right now.\u201d<\/p>\n\n\n\n
Luxury Real Estate in Canada<\/h2>\n\n\n\n![\"Luxury](\"https:\/\/www.zolo.ca\/blog\/wp-content\/uploads\/2018\/06\/Canada-luxury-home-in-Vancouver-with-an-ocean-view-1024x683.jpg\")
<\/figure>\n\n\n\nIn comparison to international cities and markets such as New York, San Francisco, London and Sydney, Canada\u2019s luxury market is nowhere near as competitive.<\/p>\n\n\n\n
\u201cPrice-wise and politically we remain one of the best places in the world to live,\u201d says Barb Funt, a luxury real estate agent for Zolo. Funt says that although Canada has a smaller market of people, the appeal goes towards a wider geographic location.<\/p>\n\n\n\n
However, that doesn\u2019t mean that there aren\u2019t the occasional bidding wars on luxury detached homes and condominium units in major metropolitan cities.<\/p>\n\n\n\n
Toronto Luxury Real Estate Market<\/h3>\n\n\n\n![\"Toronto-50-Bartlett-laneway-houses-17-strange-real-estate-stories-2017\"](\"https:\/\/www.zolo.ca\/blog\/wp-content\/uploads\/2018\/01\/Toronto-50-Bartlett-laneway-houses-1024x683.jpg\")
BlogTO<\/figcaption><\/figure>\n\n\n\nAlways the talk of the town when it comes to real estate, the luxury market in Toronto is no different. Toronto is Canada\u2019s highest ranked city for luxury residential markets, globally and geographically, landing the No. 16 spot out of 100 in Knight Franks annual wealth report<\/a>. Funt says that nothing has changed as far as upscale properties go, both for buyers and sellers. \u201cAnything over the $2 million mark isn\u2019t flying off the shelves,\u201d says Funt. However, she notes that there are smaller pockets of Toronto that are consistently fielding bidding wars among buyers.<\/p>\n\n\n\nToronto is no stranger to the high net-worth and ultra high net-worth of real estate investors who are running $1 million in liquid assets and double-digit millions in liquid assets, respectively. Funt says that although Toronto\u2019s luxury market saw a slow start, she expects the spring market will be on par with past years. Although, maybe not the anomaly that was 2017, when 180 luxury real estate transactions were made by April, as opposed to the 76 made this year.<\/p>\n\n\n\n
Vancouver Luxury Real Estate Market<\/h3>\n\n\n\n![\"vancouver-real-estate\"](\"https:\/\/www.zolo.ca\/blog\/wp-content\/uploads\/2018\/02\/Screen-Shot-2018-02-19-at-11.04.36-AM-1024x605.png\")
<\/figure>\n\n\n\nComing in at the No. 37 spot on the Knight Frank\u2019s wealth report, Vancouver has seen a slow start to the year due to new government regulations such as an increased foreign buyers tax and significant changes made to the mortgage stress test. Barry Allen, Zolo-founder and West Vancouver<\/a> agent, says that for many, \u201cbuying property in Vancouver is not based on affordability, but rather a personal choice.\u201d<\/p>\n\n\n\n
The Greater Montreal Real Estate Board (GMREB) reports that 2017 held the second highest number of transactions ever recorded and a Sotheby\u2019s International report found that the sale of homes over the $1-million mark increased by 20% in the first months of 2018.<\/p>\n\n\n\n
It\u2019s easy to see why many people would love to plant their home base in Montreal, Quebec. With the beautiful scenery, historical culture and affordable lifestyle \u2014 it\u2019s not just luxury real estate that\u2019s making a name in this up-and-coming city. It\u2019s retail, too. Craig Patterson, Editor-in-Chief for Retail Insider says the city has seen unprecedented growth in the world of luxury marketing this year. Recently, Montreal has seen an uptick in potential luxury flagships like the ones more commonly seen in Toronto, Vancouver and Calgary shopping centres and include Louis Vuitton, Hermes, Chanel and Dior.<\/p>\n\n\n\n
When you start to see this type of movement in the retail world, you have to acknowledge that wealth is becoming more evident in all areas. \u201cThe lifestyle isn\u2019t just the home. It\u2019s everything. It\u2019s restaurants, it\u2019s clothing and it\u2019s services,\u201d says Patterson. \u201cI think we\u2019re seeing Montreal become a little bit more desirable right now.\u201d<\/p>\n\n\n\n
Luxury Real Estate in Canada<\/h2>\n\n\n\n<\/figure>\n\n\n\nIn comparison to international cities and markets such as New York, San Francisco, London and Sydney, Canada\u2019s luxury market is nowhere near as competitive.<\/p>\n\n\n\n
\u201cPrice-wise and politically we remain one of the best places in the world to live,\u201d says Barb Funt, a luxury real estate agent for Zolo. Funt says that although Canada has a smaller market of people, the appeal goes towards a wider geographic location.<\/p>\n\n\n\n
However, that doesn\u2019t mean that there aren\u2019t the occasional bidding wars on luxury detached homes and condominium units in major metropolitan cities.<\/p>\n\n\n\n
Toronto Luxury Real Estate Market<\/h3>\n\n\n\nBlogTO<\/figcaption><\/figure>\n\n\n\nAlways the talk of the town when it comes to real estate, the luxury market in Toronto is no different. Toronto is Canada\u2019s highest ranked city for luxury residential markets, globally and geographically, landing the No. 16 spot out of 100 in Knight Franks annual wealth report<\/a>. Funt says that nothing has changed as far as upscale properties go, both for buyers and sellers. \u201cAnything over the $2 million mark isn\u2019t flying off the shelves,\u201d says Funt. However, she notes that there are smaller pockets of Toronto that are consistently fielding bidding wars among buyers.<\/p>\n\n\n\nToronto is no stranger to the high net-worth and ultra high net-worth of real estate investors who are running $1 million in liquid assets and double-digit millions in liquid assets, respectively. Funt says that although Toronto\u2019s luxury market saw a slow start, she expects the spring market will be on par with past years. Although, maybe not the anomaly that was 2017, when 180 luxury real estate transactions were made by April, as opposed to the 76 made this year.<\/p>\n\n\n\n
Vancouver Luxury Real Estate Market<\/h3>\n\n\n\n<\/figure>\n\n\n\nComing in at the No. 37 spot on the Knight Frank\u2019s wealth report, Vancouver has seen a slow start to the year due to new government regulations such as an increased foreign buyers tax and significant changes made to the mortgage stress test. Barry Allen, Zolo-founder and West Vancouver<\/a> agent, says that for many, \u201cbuying property in Vancouver is not based on affordability, but rather a personal choice.\u201d<\/p>\n\n\n\n
<\/figure>\n\n\n\nIn comparison to international cities and markets such as New York, San Francisco, London and Sydney, Canada\u2019s luxury market is nowhere near as competitive.<\/p>\n\n\n\n
\u201cPrice-wise and politically we remain one of the best places in the world to live,\u201d says Barb Funt, a luxury real estate agent for Zolo. Funt says that although Canada has a smaller market of people, the appeal goes towards a wider geographic location.<\/p>\n\n\n\n
However, that doesn\u2019t mean that there aren\u2019t the occasional bidding wars on luxury detached homes and condominium units in major metropolitan cities.<\/p>\n\n\n\n
Toronto Luxury Real Estate Market<\/h3>\n\n\n\nBlogTO<\/figcaption><\/figure>\n\n\n\nAlways the talk of the town when it comes to real estate, the luxury market in Toronto is no different. Toronto is Canada\u2019s highest ranked city for luxury residential markets, globally and geographically, landing the No. 16 spot out of 100 in Knight Franks annual wealth report<\/a>. Funt says that nothing has changed as far as upscale properties go, both for buyers and sellers. \u201cAnything over the $2 million mark isn\u2019t flying off the shelves,\u201d says Funt. However, she notes that there are smaller pockets of Toronto that are consistently fielding bidding wars among buyers.<\/p>\n\n\n\nToronto is no stranger to the high net-worth and ultra high net-worth of real estate investors who are running $1 million in liquid assets and double-digit millions in liquid assets, respectively. Funt says that although Toronto\u2019s luxury market saw a slow start, she expects the spring market will be on par with past years. Although, maybe not the anomaly that was 2017, when 180 luxury real estate transactions were made by April, as opposed to the 76 made this year.<\/p>\n\n\n\n
Vancouver Luxury Real Estate Market<\/h3>\n\n\n\n<\/figure>\n\n\n\nComing in at the No. 37 spot on the Knight Frank\u2019s wealth report, Vancouver has seen a slow start to the year due to new government regulations such as an increased foreign buyers tax and significant changes made to the mortgage stress test. Barry Allen, Zolo-founder and West Vancouver<\/a> agent, says that for many, \u201cbuying property in Vancouver is not based on affordability, but rather a personal choice.\u201d<\/p>\n\n\n\n
Always the talk of the town when it comes to real estate, the luxury market in Toronto is no different. Toronto is Canada\u2019s highest ranked city for luxury residential markets, globally and geographically, landing the No. 16 spot out of 100 in Knight Franks annual wealth report<\/a>. Funt says that nothing has changed as far as upscale properties go, both for buyers and sellers. \u201cAnything over the $2 million mark isn\u2019t flying off the shelves,\u201d says Funt. However, she notes that there are smaller pockets of Toronto that are consistently fielding bidding wars among buyers.<\/p>\n\n\n\n Toronto is no stranger to the high net-worth and ultra high net-worth of real estate investors who are running $1 million in liquid assets and double-digit millions in liquid assets, respectively. Funt says that although Toronto\u2019s luxury market saw a slow start, she expects the spring market will be on par with past years. Although, maybe not the anomaly that was 2017, when 180 luxury real estate transactions were made by April, as opposed to the 76 made this year.<\/p>\n\n\n\n Coming in at the No. 37 spot on the Knight Frank\u2019s wealth report, Vancouver has seen a slow start to the year due to new government regulations such as an increased foreign buyers tax and significant changes made to the mortgage stress test. Barry Allen, Zolo-founder and West Vancouver<\/a> agent, says that for many, \u201cbuying property in Vancouver is not based on affordability, but rather a personal choice.\u201d<\/p>\n\n\n\nVancouver Luxury Real Estate Market<\/h3>\n\n\n\n
<\/figure>\n\n\n\n