Sales of $1-million plus properties soared in the 1st quarter of 2007. Check out these growth figures versus last year:
- Toronto: +22% (434 sold)
- Calgary: +38% (130 sold)
- Vancouver: +24% (673 sold)
Who’s buying these homes? According to an Ipsos Reid/Royal LePage report, it’s by and large your typical hard-working professional.
79% of such homeowners said they were from lower middle-class or middle-class upbringings. Only 4% claimed inheritance as their wealth source.
32% of high-net-worth homeowners are retired.
High net worth individuals have at least $250,000+ in liquid assets plus a $500,000+ home, according to the report.
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Last modified: April 25, 2014
