Premium Real Estate in Canada: Vancouver has the highest prices.
The residential real estate market in major cities of Canada and the secondary housing markets are in high demand, both nationally and internationally. In particular, in the luxury segment in many places there is a clear excess of demand, which leads to a significant increase in prices. This was found out from a survey conducted in six selected real estate markets. Conclusions are based on estimates from Engel & Völkers’ local residential sales teams. In Vancouver, the most expensive area in the city is Shaunessy, where they meet
both old and modern villa buildings. Prices for individual houses, here reach 35 million. – 40 million canadian dollars.
Another exclusive destination is West Point Gray. The area is prized for its green spaces, urban beaches and proximity to the University of British Columbia. The abundance of ocean sites in West Vancouver also makes it a welcome place to live. Consumer interest in this community north of Vancouver Centers is centered on luxury apartments available for purchase to the property and meeting high technical standards. The asking prices for property apartments in all three of these premium locations have reached C $ 20,000 per square meter. International buyers dominate the luxury real estate market in Vancouver, which accounts for 85 percent of transactions. Chinese citizens in this case constitute the largest group of buyers, followed by the French and Germans. Real estate in East Vancouver testifies to a new growing trend in which millennials – representatives of the two thousandth generation – are seeking to acquire small lofts in the area.