TORONTO: As a record-breaking surge in Toronto home sales starts to spark concern that a bubble may be forming, one part of the market in Canada’s largest city is running even hotter than the rest: the luxury end.
Sales of homes worth more than C$4mil (US$3.2mil or RM13.12mil) surged 157% in January and February from a year earlier, brokerage Sotheby’s International Realty Canada said in a report released yesterday.
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