Robert McLister·General·June 2, 2007Who Buys Big Houses? Sales of $1-million plus properties soared in the 1st quarter of 2007. Check out these growth figures versus last year: Toronto: +22% (434 sold) Calgary: +38% (130 sold) Vancouver: +24% (673 sold) Who’s buying these homes? According to an Ipsos Reid/Royal LePage report, it’s by and large your typical hard-working professional. 79% of such homeowners said they were from lower middle-class or middle-class upbringings. Only 4% claimed inheritance as their wealth source. 32% of high-net-worth homeowners are retired. High net worth individuals have at least $250,000+ in liquid assets plus a $500,000+ home, according to the report. Like news like this?Join our CMT Updates list and get the latest news as it happens. Unsubscribe anytime. SUBSCRIBE! Thank you for subscribing. One more step: Please confirm your subscription via the email sent to you.