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VANCOUVER, BRITISH COLUMBIA
In a report released today by Sotheby's International Realty Canada, 2012 activity shows promising momentum in luxury residential real estate in the country's largest urban centres.
As reflected in the latest Top-Tier Real Estate Report, several Canadian markets finished the year with stronger than anticipated growth over 2011. Toronto, Calgary and Montreal all ended 2012 with positive year-over-year sales growth in homes over $1 million. In the latter half of 2012, in light of the Canadian government's introduction of tighter mortgage rules to promote the long-term stability of the housing and mortgage market, several markets including Vancouver experienced a controlled softening much like conventional real estate.
The bi-annual report, compiled by Sotheby's International Realty Canada, examines the number of million dollar-plus residential properties sold from January 1, 2011 to December 31, 2012. The report also highlights new data for the second half of 2012 (July 1 to December 31, 2012) in Vancouver, Calgary, Toronto and Montreal. The report compares the sales volume, number of days on market, inventory of listings and percentage of homes sold over the asking price.
Canadian top-tier market highlights include:
About Ascension Health Ventures
Ascension Health Ventures was launched in 2001 as a wholly owned subsidiary of Ascension Health. Today it is a subsidiary of Ascension Health Alliance, a parent company formed in 2012. AHV's role is to construct and manage a strategic portfolio of investments that deliver a venture investment return, have the potential to transform the healthcare industry, and significantly enhance the experience for patients, their families and their caregivers. AHV has three venture funds under management and its limited partners include Ascension Health Alliance, Catholic Health East, Catholic Health Initiatives, Decatur Memorial Hospital, Dignity Health, Intermountain Healthcare and Mercy. For more information, go to www.ascensionhealthventures.org.
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