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TORONTO — Sotheby’s International Realty Canada says Toronto is poised to lead the country in high-end home sales for the third consecutive year.

The latest report from the realtor showed sales of homes worth $1 million or more in the Greater Toronto Area rose 77 per cent last year compared to 2015, with a total of 19,692 properties sold.

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Sales of the priciest homes — those worth over $4 million — in the GTA rose 95 per cent year-over-year.

Meanwhile, high-end home sales in Vancouver started off strong but slowed in the second half of the year as a number of government policy changes took effect.

Among those changes is a one-per-cent tax on vacant homes implemented by the City of Vancouver and the B.C. government’s 15 per cent tax on foreigners buying homes in Metro Vancouver.