E - PAPER

CURRENT MONTH

LAST MONTH

VIEW ALL
  • About
  • TEAM REALTY+
  • CONTACT US
  • SUBSCRIBE
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
    • EVENT CALENDAR
    • UPCOMING EVENT
    • PAST EVENT
    • VIDEO
search
  • HOME
  • NEWS ROOM
  • COVER STORY
  • INTERVIEWS
  • DRAWING BOARD
  • PROJECT WATCH
  • SPOTLIGHT
  • BUILDING BLOCKS
  • BRAND SYNC
  • VIDEOS
  • HAPPENINGS
  • E-MAGAZINE
  • EVENTS
    • EVENT CALENDAR
    • UPCOMING EVENT
    • PAST EVENT
    • VIDEO
search
  1. Home
  2. INTERNATIONAL

Vancouver housing prices gains extend to other markets

Costly housing in the Canadian city of Vancouver has helped drive up prices in nearby cities, the country's federal housing agency said in a report. While home sales have cooled in Vancouver since the provincial government implemented a tax on foreign buyers last year, the housing market there re

BY admin
Published - Saturday, 13 May, 2017
Vancouver housing prices gains extend to other markets
Costly housing in the Canadian city of Vancouver has helped drive up prices in nearby cities, the country's federal housing agency said in a report. While home sales have cooled in Vancouver since the provincial government implemented a tax on foreign buyers last year, the housing market there remains one of the most expensive in the country, and prices are not far from their 2016 peak. The report from the Canada Mortgage and Housing Corporation found the spillover effect was strongest in places closest to Vancouver. On average, a 1 percent increase in home prices in Vancouver immediately led to a 0.5 percent rise in nearby Burnaby and Richmond, while the North Shore had a 0.7 percent gain, the report said. In Richmond and the North Shore, the long-term rise in home prices was as strong as in Vancouver itself, the housing agency said. The full impact can take five years or more for most municipalities. Even cities beyond commuting distance were affected, the report said. The report looked at the Vancouver spillover effect from 1991 through 2016 but not other factors, such as changes in regulations, that would affect home prices in British Columbia. Surging prices in Toronto, Canada's largest city, have also helped drive up costs in surrounding areas, prompting the Ontario government to levy its own foreign buyers tax last month. Policymakers have pointed to Vancouver and Toronto as pockets of risk in the Canadian housing market, which has generally been robust in the years since the global financial crisis.

RELATED STORY VIEW MORE

Nigeria Shows Widening Transparency Gap in Real Estate
Singapore Private Home Rents Set To Climb By 10-15%
Saudi Arabia’s Ambitious Projects from World’s Largest Airport to Skyscraper

TOP STORY VIEW MORE

Mixed Outlook for Australia's Housing Sector In 2024

Mixed Outlook for Australia's Housing Sector In 2024

05 December, 2024

Mixed Outlook for Australia's Housing Sector In 2024

05 December, 2024

Ghaziabad: NCR’s New Luxury Destination

05 December, 2024

NEWS LETTER

Subscribe for our news letter


E - PAPER


  • CURRENT MONTH

  • LAST MONTH

Subscribe To Realty+ online



REALTY+ SPECIAL ISSUES


  • Test Magazine

  • THE TECH TITANS 2022

  • COFFEE TABLE BOOK 2022

  • Anniversary Issue 2022

  • Anniversary Issue 2020

VIDEO GALLERY VIEW MORE

test new
Get connected with us on social networks!
ABOUT REALTY+

Started in 2004, Realty+, an exchange4media group publication is one of the most respected real estate magazines in India with offices in Delhi, Mumbai and Bengaluru.

Useful links

HOME

NEWS ROOM

COVER STORY

INTERVIEWS

DRAWING BOARD

PROJECT WATCH

SPOTLIGHT

BUILDING BLOCKS

BRAND SYNC

VIDEOS

HAPPENINGS

E-MAGAZINE

EVENTS

OTHER LINKS

SITE MAP

GDPR-COMPLIANCE

COOKIE-POLICY

PRIVACY-POLICY

TERMS AND CONDITIONS

Contact

ADSERT WEB SOLUTIONS PVT. LTD. 3'rd Floor, D-40, Sector-2, Noida (Uttar Pradesh), Pincode - 201301

tripti@exchange4media.com
realtyplus@exchange4media.com

+91 98200 10226


Copyright © 2024 Mediasset Holdings.
Rental Mobil bandung,Sewa Mobil Bandung, Rental bandung, Sewa Mobil, Jual Mesin Antrian, Harga Mesin Antrian, Mesin Antrian Murah, Jual KIOSK,Mesin Antri, Berita Terkini, Info Bray,Info Tempat Wisata,Portal Berita,Jasa Website