Shaky stock markets, Brexit turmoil and trade disputes that rattled consumer confidence in Canada’s high-end real estate market last year will continue into 2019. Georgian Revival mansion listed by Sotheby’s, which issued a report Thursday showing luxury real estate sales dropped last year in the Toronto region. ( mitchell hubble / Sotheby’s International Realty Canada )The company’s 2018 year-end report, released Thursday, points to looming financial volatility that could stall the luxury real estate market in 2019. Prices generally weathered last year’s real estate slump, particularly in the City of Toronto, he said. Tess Kalinowski is a Toronto-based reporter covering real estate.

Source: thestar January 09, 2019 05:26 UTC