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Montreal luxury real estate sales see triple-digit growth


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This renovated and restored mansion in Westmount is listed at $11,750,000. Courtesy of Sotheby s International Realty Canada
The Bank of Canada has estimated Canadians saved an additional $180 billion during the pandemic, mostly by high-income and upper-income households. While much of this wealth is currently just sitting in bank accounts, some of these savings are probably earmarked for real estate purchases.
At the same time, the baby boomer generation is beginning to loosen the purse strings to pass on some of the wealth they have accumulated to their heirs. In 2018, the Toronto-based research firm Strategic Insight projected that approximately $1 trillion in personal wealth would be transferred from one generation to the next in Canada between 2016 and 2026. ....

British Columbia , Don Kottick , Briana Doyle , Quebec Professional Association Of Real Estate Brokers , Sotheby International Realty Canada , Ritz Carlton , Montreal Gazette , Courtesy Of Sotheby International Realty Canada , Postmedia Network Inc , International Realty , International Realty Canada , Quebec Professional Association , Real Estate Brokers , Greater Montreal , Strategic Insight , Postmedia Network , Street East , பிரிட்டிஷ் கொலம்பியா , பிரியானா டாய்ல் , க்வீபெக் ப்ரொஃபெஶநல் சங்கம் ஆஃப் ரியல் எஸ்டேட் தரகர்கள் , சோதேபி சர்வதேச ரியல்டீ கனடா , ரிட்ஸ் கார்ல்டன் , மான்ட்ரியல் கஸெட் , சர்வதேச ரியல்டீ , சர்வதேச ரியல்டீ கனடா , க்வீபெக் ப்ரொஃபெஶநல் சங்கம் ,