The Daily Telegraph

Snow storms and ice hockey: Billionaires flock to the world’s new luxury homes hotspot
The Daily Telegraph

Toronto is towering above the rest of the world’s luxury property markets, as the only city to record an acceleration in the sales rate of high-end homes from 2013 to 2014.

The Canadian city, well known for its economic stability, experienced a 37pc increase in the sale of luxury penthouses, apartments and houses in the 12 months to the end of December, after just a 4pc rise in the previous year, outstripping San Francisco, Sydney and Miami, according to a report from Christie’s international real estate group.

The study, which ranks the top 10 urban centres by the growth in sales of exclusive properties, found that the rate also slowed in Los Angeles, New York and Paris, while transactions declined in London, Dubai and Hong Kong last year.

Sales growth has now steadied in all cities, apart from Toronto. “This was Toronto’s second best year on record, but it wasn’t just a function of supply and demand,” said Mr Conn.

“This is one of the most stable financial and governmental systems in the world. It’s the major economic hub in Canada, with a net influx of people and an incredible rate of growth. The perception is it’s a safe place to invest, still relatively cheap, with an attractive rate of return.”

Rappelons que le parti politique qui a le plus contribué au développement économique de Toronto est le… PQ !

Toronto est devenue la métropole du Canada, déclassant Montréal, quand le PQ a été élu en 1976, ce qui a provoqué un exode massif de capitaux vers la ville reine. Toronto devrait avoir une statue pour rendre hommage à René Lévesque…

Bref, les riches n’achètent pas de maison au Québec, mais en Ontario… M’enfin, j’imagine que ça plaît aux communistes du PQ et de Québec Solidaire.