Property News · June 6, 2017

Vancouver home prices resume gains to fresh record


Vancouver home prices climbed back to a record in May, suggesting the impact of a foreign-buyer tax imposed last year is fading.
Benchmark prices in the west coast city reached a record C$967,500 (US$717,500), up 8.8 per cent from a year earlier, the Real Estate Board of Greater Vancouver said.
Average prices for single detached homes reached C$1.83 million, the highest level ever.
Vancouver housing tax pushes rich Chinese to buy $1 million Seattle homes instead
It is an indication of how…

Source : South China Morning Post
Read more…Vancouver home prices resume gains to fresh record

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