Vancouver is the latest global real estate hotspot looking to curb property price inflation (following the lead of Hong Kong, Singapore, Sydney and more), bringing in a really quite chunky 15% levy on non-Canadian buyers. It’s fair enough, given that prime prices here surged 36% in the year to June 2016, according to the latest from Knight Frank.
It’s the fifth consecutive quarter that Vancouver’s held the top spot in the firm’s Prime Global Cities Index, which has just recorded its highest rate of annual growth in two years – despite falling values in London and New York.
- Slow growth pushes London down the global cities index May 4, 2016
- Global luxury property price growth dips as uncertainty rattles markets November 1, 2016
- How much prime resi will US$1m buy around the world? March 2, 2016