The Monctons luxury home market is expected to grow by over 50 per cent in 2017, according to new figures.
The luxury market in Monaca, Canada is expected a growth of almost 100 per cent by 2021.
Monaca’s condo market is set to grow from 2,700 units in 2020 to more than 7,500 units in 2021.
The market has also seen an increase in the number of people purchasing homes.
This is due to the fact that condos are not required to be registered, and many condo owners are now renting out their units to families.
A luxury home is considered a one-of-a-kind property.
It is not owned by a corporation or an individual.
It must be maintained by a third party and be insured against loss.
Monctonic is the largest developer of luxury properties in Canada, with over 2,500 luxury homes in operation.
It has an extensive portfolio of condominiums and high-rise luxury homes.
Monaca is home to Monaca Residences, Monctontown, the Montréal East, the Monctonese Town Centre, and Monctonye.