Vancouver sees growth in properties over $3 million

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Vancouver is seeing growth in high end home sales despite predictions that there would be a slowdown when the federal government scrapped its foreign investors plan. Macdonald Realty Group’s analysis of real estate board data shows a 35 per cent increase so far this year in homes valued at over $3 million, totalling 572. Of those, 135 were valued at $5 million or above. The record level in one year was set in 2011 when 691 homes sold for $3 million or above but this year is one target to beat that. Read the full story.

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