C12

Submitted by Jasmina on Sat, 2006-11-25 01:10.

Press Releases - Canadian Real Estate and MLS Listings (TORONTO, November 24, 2006): Canadians are embracing luxury living more than ever before - and if they are not currently living in a luxury home, many aspire to someday live in the lap of luxury. As a result, the number of unit sales of luxury homes has skyrocketed in Canada's major markets.

Greater Toronto Area

In Toronto, the number of luxury home sales at the price of $1-million and above has increased by 20.3 per cent year-over-year, in the first nine months of 2006. During January to September 2006, 1,309 units were sold, compared to 1,088 units sold in the same period in 2005. Rosedale (C09) and Forest Hill (C03, C04) remain the most sought-after areas to purchase a luxury home within the city’s downtown core, while areas such as Lawrence Park (C12), Hoggs Hollow (C12) and Post Road (Bridle Path area - often referred to as "Millionaires Row" also in C12) offer luxury living slightly north of the city – providing homeowners with more land, usually used to accommodate outdoor amenities such as pools, elegant gardens, tennis courts or additional garage space.


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