Sales of homes priced over $1 million were up year-over-year in Toronto, Vancouver, Calgary, Victoria and Oakville in the first 9 months of 2016.  In Oakville, an affluent suburb of Toronto on the West side of the GTA, sales of $1 million homes increased by 111% year-over-year.  There were 1,195 sales over $1 million in the first 9 months of 2016 compared to 567 in 2015.  There were 1,169 freehold homes sold and 26 condominiums over $1 million in 2016 compared with 549 freehold homes and 18 Condominiums in 2015. 

In addition, there were 180 real estate sales in Oakville over $2 million in the first 9 months of 2016 compared to 80 in 2015.  Again, the majority of the sales in 2016 were freehold (173) and condominium sales were 7 compared with 76 freeholds and 4 condominiums in 2015.  The highest sale in 2016 was $8,300,000 and can be seen in the chart below.  To have your own copy of the entire report please send an email to bmkeay@rogers.com. 

Posted by: Bill Keay