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Premium properties in Canada: Highest prices recorded in Vancouver
- Market overview of select cities and second home markets
- Limited inventory leads to rising prices for properties in many locations
- Up to $35.8 million CAD for a detached house
The residential property market in Canada’s major cities and second home markets is enjoying a high level of demand, both nationally and internationally. Specifically in the luxury segment, there is a clear surplus in demand in many places that is resulting in a significant rise in prices. This emerged from a survey of six selected real estate markets, based on assessments made by local Engel & Völkers residential property shops between January and September…