TORONTO RANKS NEAR TOP IN THE WORLD FOR NUMBER OF ULTRA-RICH RESIDENTS This might not be news to millionaires, but Toronto is one of the most important cities in the world for the incredibly rich.  The 2015 Wealth Report, prepared by real estate consultancy Knight Frank, lists Toronto as the 12th most important city on the planet for ultra-high-net-worth individuals - or UHNWIs, as the report refers to them. According to the London-based group, that means people with a net worth... [read more]

WHAT $1-MILLION BUYS IN REAL ESTATE AROUND THE WORLD Robert Frank, CNBC Image courtesty of: Getty A million dollars doesn't buy what it used to - especially when it comes to luxury real estate. The Wealth Report, from London-based real estate brokerage Knight Frank, measured the top markets in the world and compared how much prime property $1-million would buy in each. Monaco still reigns as the most expensive for top-tier property. For $1-million, you can only buy 16... [read more]

TORONTO'S HOME PRICES IN LINE WITH OTHER WORLD CITIES Tess Kalinowski, Toronto Star  Image courtesty of: Toronto Star Bubble? What bubble? Toronto's soaring home prices are in line with the reality of other world cities such as New York, Hong Kong and London, says Mark Renzoni, president of global commercial real estate giant CBRE. "The market is fairly balanced. It's not being driven by foreign capital. It's being driven by Canadians, moving up, buying... [read more]

TORONTO IS NOW NORTH AMERICA'S HOTTEST HOUSING MARKET Josh Sherman, BuzzBuzzNews Canada Image courtesty of: realtor.ca Toronto's luxury housing market has shot past Vancouver's in an international ranking of top locales for wealthy homebuyers. Ontario's capital placed seventh on the latest annual Prime International Property Index from Knight Frank, a London-based property consultancy, one spot ahead of Vancouver - last year's global leader - making it... [read more]