Canada's luxury retail market takes off as brands flock to cities

It's common to see a new global luxury retailer setting up shop in one of Canada's high-end shopping streets these days. There's has been an influx of luxury brands opening flagship stores in major urban centers like Toronto and Vancouver over the last couple of years, with some of the notables being French fashion houses Chanel, Hermèsand Swiss watchmaker Richard Mille. In fact, nearly 40 percent of the about 50 new international retailers that entered Canada last year are considered to be in the luxury segment of the market. 

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St. Albert ranked 31st in country for attracting millennials

According to a new report St. Albert ranks in the middle of the pack in Canada’s largest cities for attracting millennials.

A new study called Top Millennial Hot Spots in 2018 report released this week by Point2Homes, a Saskatoon based group that tracks real estate market trends, ranks the city in 31st place out of 85 cities across Canada in attractiveness to millennials. Millennials are the generation born between roughly 1982 and  2001, making them 17 to 36 years old today.

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Two Real Estate Stories in the News for Friday, January 26th, 2018

Picture: Berkay Gumustekin

Leaside & Bennington Heights Sales Statistics for December 2017

Davisville Village Home Sales Statistics for December 2017

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Jethro Seymour, Toronto Real Estate Broker.  Search Toronto's live MLS listing here.