Blog Post

Vancouver #1 Fastest Growing Luxury Market In The World

Kristi Wong • March 21, 2016

According to the Prime Residential Index in Knight Frank’s 2016 Wealth Report, prices grew 25% in Vancouver’s luxury home market in 2015, beating out Sydney and Shanghai for the top spot. From the article: “The report notes low supply, high demand commanded by foreign investors, and a weak Canadian dollar have all contributed to the astronomical – even record-breaking – growth […] The post Vancouver #1 Fastest Growing Luxury Market In The World appeared first on Andy Schildhorn, PREC.

According to the Prime Residential Index in Knight Frank’s 2016  Wealth Report , prices grew 25% in Vancouver’s luxury home market in 2015, beating out Sydney and Shanghai for the top spot. From the article:

“The report notes low supply, high demand commanded by foreign investors, and a weak Canadian dollar have all contributed to the astronomical – even record-breaking – growth in prices of Vancouver’s luxury homes. Cities that are normally associated with wealth saw moderate or even low gains comparitively. New York’s luxury home market grew just 2.4%, while London’s grew just 1%. Berlin saw 9% growth thanks to an investment boom.”

🤗 Sometimes we need to smile.

By Andy Schildhorn • February 21, 2025
Baby eagles seemed appropriate after the Superbowl result. Would have much preferred it to be putting a baby Bengal Tiger but maybe next year! Support our very own LAPS   📣 "He is not a full man who does not own a piece of land." — Hebrew Proverb

🚗 Live Traffic Views in Langley

By Andy Schildhorn • February 20, 2025
The Township of Langley Traffic Cameras for up to date traffic information. Click here

🏡 Fraser Valley’s Market Snapshot January, 2025 📈

By Andy Schildhorn • February 19, 2025
SURREY, BC — Growing inventory and stable prices could lead to opportunities for buyers in the Fraser Valley market this winter despite uncertain economic conditions. Read More
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