Luxury Vancouver home prices surge to new high
114 views · Published 20 March 2015 · 1:14 · Indexed 24 October 2026
Channel: New China TV · 2015 · News & Politics
The sale of one of Vancouver's most expensive mansions to a Chinese businessman, which hit record price, is stirring up interest in the city in recent days. It comes as no surprise to local realtors, though. They say that a combination of China's wealth boom and Vancouver's international reputation as a livable city means that other similar deals could be on the way. In 2010, about 370 homes in Vancouver were valued at 5 million Canadian dollars. That number has surged to roughly 1,200 this year.
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