Spring Awakening: Moderate Gains and New Consumer Dynamics Shape Canada's Luxury Market [Financial Post (Toronto, Ontario, Canada)]
Anywhere Real Estate Inc., (HOUS)
Company Research
Source: Financial Post
Calgary sales gains eclipse major Canadian cities as activity renews in Toronto, Montreal, Vancouver 2024 First Quarter Highlights Article content Canada's luxury real estate market eased into 2024 with modest sales gains and an increase in consumer engagement and pre-transactional activity as listings supply returned, often at prices adjusted to current market conditions. Single family home demand continued to lead the revitalization of luxury sales, reflecting a shift in high-end consumer preferences given the rising carrying costs and changing financial dynamics for luxury condominiums. Consumer sentiment and market dynamics evolved in the Greater Toronto Area (GTA) in the first quarter of 2024, as seller and buyer expectations came into better alignment, setting the stage for improved sales activity. Luxury residential sales over $4 million rose 18% year-over-year across the GTA, in a market that remained balanced overall. Despite a discernible improvement in consumer
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HOUS
Earnings
- 4/25/24 - Miss
HOUS
Sec Filings
- 3/19/24 - Form ARS
- 3/19/24 - Form DEFA14A
- 3/19/24 - Form DEF
- HOUS's page on the SEC website