Toronto is the hottest place for billionaires to move to or at least buy luxury homes, beating out San Francisco, Sydney, Miami, Los Angeles, New York, Paris, London, Dubai, and Hong Kong.
"[S]ales growth has now steadied in all cities, apart from Toronto. This was Toronto’s second best year on record, but it wasn’t just a function of supply and demand,” said Mr Conn. “This is one of the most stable financial and governmental systems in the world. It’s the major economic hub in Canada, with a net influx of people and an incredible rate of growth. The perception is it’s a safe place to invest, still relatively cheap, with an attractive rate of return.”
http://www.telegraph.co.uk/finance/property/international/11572613/Snow-storms-and-ice-hockey-Billionaires-flock-to-the-worlds-new-luxury-homes-hotspot.html
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