Realtor speculates that realty business is awesome

The luxury housing market in Canada is not only recovering, it’s breaking records across the board, according to a new survey conducted by ReMax. Following a dismal first quarter last year, the study shows that sales of luxury homes exceeded records in most of the cities studied, including Vancouver, Montreal and Toronto. National sale prices have soared nearly 20 per cent in the past year.

If “luxury home” is a loosely defined term at ReMax (anything from a $400,000 home in St. John’s to a $2-million home in Greater Vancouver), so is “survey.” The data for the report “is anecdotal information gleaned from interviews we completed with the brokers in each market,” explained a ReMax spokesperson to the Globe, moving on to say that the company had few statistics to back up reasons for the boom.

• ReMax reports record-breaking sales of luxury homes [Globe and Mail]