High-end home sales in Toronto set to dominate for 3rd year: Sotheby's

Sotheby's International says Toronto is poised to lead the country in high-end home sales for the third consecutive year.

The latest report from the realtor showed sales of homes worth $1 million or more in the Greater Toronto Area rose 77 per cent last year compared to 2015, with a total of 19,692 properties sold.

Sales of the priciest homes — those worth over $4 million — in the GTA rose 95 per cent year-over-year.