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The next trend in luxury Canadian real estate? Multi-level ‘iceberg’ basements.
Wealthy home owners are digging deep, developing underground karaoke lounges and golf simulators to get all-around setting up restrictions (Illustration by Mike Ellis) In Hoggs Hollow, an upscale Toronto neighbourhood, persons really like their trees. In November, lots of lawns bore a indicator reading through, “Stop the Chop,” a campaign to preserve a 250-year-outdated sugar maple. The indicators stay, but the plea failed. The large tree experienced stood driving a household that a family members acquired with ideas to demolish it and construct a new residence. The consumers dismissed a metropolis forestry report and cut down the maple to accommodate a two-level basement whose spot is practically twice the previously…
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Consumer Confidence and Economic Optimism Bolster Canadian Luxury Real Estate Market as Downtown Living Revitalizes
A return to city living and enduring pandemic influences drive price gains and active fall market, as scarce inventory undermines potential sales, according to Sotheby’s International Realty Canada TORONTO, Oct. 06, 2021 (GLOBE NEWSWIRE) — Canada’s metropolitan luxury real estate markets continue to reflect unprecedented circumstances leading into fall 2021. Following record-shattering sales across major markets through the first half of 2021, pandemic-related influences continue to motivate consumer housing activity, driving new demand for urban real estate as downtown cores revitalize and consumer confidence in higher density, city living continues to rise. However, the supply of available top-tier real estate is deficient in relation to housing needs, constraining sales across…
