Andre Kutyan, a broker with Harvey Kalles Real Estate Ltd., predicts that the first quarter of 2022 will look much like the fourth quarter of 2021 in the carriage trade segment of the market.
Mr. Kutyan says these trends are fueling demand for properties in neighbourhoods such as Lawrence Park, Lytton Park, Forest Hill and Rosedale.
Meanwhile, Mr. Kutyan says, houses in Yorkville and other downtown luxury neighbourhoods appeal to a smaller pool of buyers in the current landscape because they offer less room for a family.
The detached house was unusual for the neighbourhood because it is a newer house with a garage, Mr. Kutyan says.
To Mr. Kutyan, both sales show that there are deep-pocketed buyers who want to live in Yorkville, but they represent a smaller niche.