Canadian city named hottest luxury property market

According to a new annual report from Christie’s International Real Estate, Victoria, BC, is the hottest luxury property market in the world. Over 80 luxury real estate brokerages around the globe, price factors and luxury housing density, market’s billionaire population, cost of living, luxury hotel density, and global city rankings were analysed. The result is based on its “influx of buyers from the United States and China.” Victoria was placed ahead of San Diego, Orange County, Washington DC, and Paris ranking at first in hottest primary markets. Other Canadian cities- Vancouver and Toronto were named as the overall top-ten prime property markets around the globe. Toronto placed 9^th and Vancouver followed in 10^th.