Vancouver and Toronto homes close to Paris prices

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A new report shows that two of Canada’s cities are now in the same property price bracket as some of the world’s most popular destinations. The CBRE report shows that Toronto and Vancouver are now more expensive per square foot than Rome and Milan and could soon surpass Paris. Prime residential property in Toronto is priced at $1,225 per square foot and Vancouver is $1,368. Paris is $2,000 per square foot while the world’s most expensive is London at $3,636. The report highlights the influence of foreign investors on the international real estate markets and notes that Canada’s two hottest markets are popular with retirees seeking luxury accommodation. Read the full story.

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