Thursday, November 13, 2014

Our International Recognition from Elite Traveler

Are you a fan of Elite Traveler magazine? If you are, you may have seen Aura and YC Condos’ name appear in the magazine last month in an article that highlighted the top worldwide residential developments. Getting this kind of international recognition is a big deal for us, especially when it comes from one of the top luxury and lifestyle magazines in the world. Our developer, Canderel Residential, has worked really hard to bring something new to the table when it comes to condo development in Canada and that hard work has obviously paid off.

In their September/October issue this year, Elite Traveler went around the world to look for the top residential developments. This was actually the first time the magazine has done a residential real estate guide. After noticing that people were increasingly purchasing real estate in countries far away from their own, they decided to put together a list of properties they thought would be of high-interest to those buyers and their readers. Since most Ultra High Net Worth (UHNW) households tend to own multiple residences in multiple countries, it was natural fit for the magazine.
Properties all over the world were scored based on 19 attributes including the importance of the location, economic activity in that location, amenities, political influence, price per square foot, current UHNW and more. Interestingly enough, 45% of a property’s score was based on their location. Out of the almost 250 properties that made the list, Canada came in second to the US with the highest number of properties to make it on, tieing with China.

You can take a look at the full article and list of properties right here, with both Aura and YC Condos mentioned on page 116.