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Vancouver #1 Fastest Growing Luxury Market In The World

Kristi Wong • Mar 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.”

By Andy Schildhorn 17 May, 2024
🌟 Hi there, it's Andy Schildhorn from Macdonald Realty! For over 30 years, I've proudly called Fort Langley my home—where history and vibrant culture blend seamlessly. 🏛️ Explore iconic landmarks like the Community Hall, CN Rail Station, and the Old Fort. 🍽️ Don't miss a visit to Ancestor Café, showcasing indigenous foods. 🎷🎨 Our village buzzes with festivals year-round, including the Jazz and Arts Festival. Enjoy outdoor activities along the Fraser River, scenic trails, and top-notch cycling routes. 🚴‍♀️🌳 🍰🍝 Stroll down Glover Road, our charming main street, with its friendly shop owners and delightful spots like Wendels' Cafe and Giulia's Mangia e Scappa. 🏡🌲 Discover diverse real estate options, from quaint backyards to riverside condos and expansive acreages. 📅 Join our thriving community—click the link below to schedule a chat. 👍🔔 Thanks for watching! Don’t forget to subscribe, and I look forward to hearing from you soon. 📞 778.835.8957 - https://calendly.com/andyschildhorn 🌐 www.AndytheRealtor.com Your Langley and Fraser Valley Realtor.
By Andy Schildhorn 15 May, 2024
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By Andy Schildhorn 14 May, 2024
📣 "Success is not the key to happiness. Happiness is the key to success. If you love what you are doing, you will be successful." - Albert Schweitzer
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