Upscale markets bring unique traits and complexities. As direct affiliates of Sotheby’s International Realty Canada we’re greatly familiar with a variety of luxury markets in Toronto, Canada, and abroad. Whether through real estate or other premium assets like art, watches, wine, or automobiles, we provide unparalleled advisory services for ensuring our clients grow their wealth seamlessly.
Here are a few high-level insights about some of the most popular luxury assets, and how you can use them to build equity.
Searching for resources tailored to luxury home buyers? Check out these industry-informed blog posts from our team.
- REALM: Next-Level Luxury Real Estate Technology
- How Luxury Home Staging Transforms High-Price Tag Properties
- Toronto’s Top Purpose-Built Luxury Rental Properties
Luxury Real Estate
As a bustling cosmopolitan city, Toronto’s luxury real estate market is globally renowned. With some of the most stunning homes in North America, high-end real estate in Toronto is deeply converted. This demand makes it an exceptional investment as property values can rise sharply in as fast a few years.
While high-end properties do share some commonalities with traditional homes, luxury real estate is a specialized market, with affluent clients shaping and adhering to unique trends and practices. If you’re looking to buy or sell a luxury property in Toronto, it’s imperative that you work with a real estate agent who specializes in working with upmarket clients.
Watches & Timepieces
Watch collection, formally known as horology, has long been a popular hobby for luxury-minded Canadians. Just like a home, watches are tangible assets that can hold and attain value over time. The more converted and rare a particular timepiece is, the higher the value will be upon resale.
Unlike luxury real estate, purchasing and selling watches often occurs across a variety of market types. In most instances, buyers will shop for new pieces from one of three places: brick-and-mortar retailers, the primary auction market, or private off-market sellers. When the time comes to resell a particular watch, collectors will either sell it privately or enter the primary market by partnering with an auction house.
Similar to luxury homes, watches are a functional investment. Beyond building equity, they allow you to elevate your wardrobe and express your personal tastes.
One of the remarkable advantages of our affiliation with Sotheby’s International Realty Canada is our relationship with Sotheby’s Auction House. A global icon in curating, selling, and distributing high-end luxury products, Sotheby’s Auction House is a paramount leader in helping affluent clientele build and maintain wealth.
Silver Burtnick and Associates recently hosted the team from Sotheby’s New York for an evening of wine, hors d’oeuvres, and networking. The event also served as an educational introduction to the incredible selection of watches that will be auctioned in the upcoming future.
Revisit this incredible evening by tuning into our event recap below.
When you enter Toronto’s housing market as an investor, you’re only as sharp as your local market knowledge. To stay ahead of the curve and set yourself up for success, check out these blog posts.
- The Best Toronto Neighbourhoods to Invest in
- How Real Estate Experts Collaborate (And Why it Matters)
- Looking to Buy Property Outside of Canada? Read This First
Rare Automobiles
From an investment perspective, automobiles offer many of the same benefits as luxury properties and timepieces. Where vehicles differ from these two categories is in appreciation of value. In an ever-growing market like Toronto, the vast majority of luxury homes will significantly appreciate in market value in as short as a few years. However, in the case of automobiles, gainful returns on investment are limited to a specialized corner of the market.
In the case of your average car, truck, or SUV, most vehicles eventually sell to a buyer for notably less than their original price tag. This is why many deal hunters choose to buy pre-owned vehicles instead of new ones. Rather, the automobiles that make strong investment assets are those that are rare or greatly sought after. With high demand from collectors, these types of vehicles can gain value quickly.
Automobile collection is a refined and specialized practice. For luxury investors looking to build equity, navigating the rare automobile market requires expert guidance. RM Sotheby’s offers a range of bespoke services to assist automobile collectors, including advisory services, purchases and sales, and vehicle restoration.
Looking for expert guidance on building equity? Whether through luxury real estate, vehicles, or watches, we’re lifelong advisors in helping our clients grow their wealth. Send us an email or call 416-587-3300 to discover your path to success.
