Vancouver’s Luxury Real Estate

A modern home at West 31st Avenue in Vancouver.

Vancouver’s luxury homes: who’s buying, where are they and how much do they really cost?

Last week Sotheby’s International Realty Canada released a report on Canadian luxury real estate sales and purchases. Vancouverites who continually sputter at the cost of housing in their city won’t be surprised to find that Lotusland was one of four urban markets on the list, along with Calgary, Toronto and Montréal. The following data is all related to luxury, top-tier single-family homes, defined in Vancouver as starting at a price of $2.8 million dollars. Top reasons for Vancouver’s appeal to affluent buyers found by the survey include neighbourhood amenities, established communities and desirable school districts.