With listing prices of up $35 million, the Shaughnessy neighbourhood of 麻豆传媒映画has the most expensive houses in Canada, according to a national survey by New York City-based Engel & V枚lkers, a real estate agency that has offices in major Canadian cities.
The survey also found the most expensive resale condominiums in Metro 麻豆传媒映画now average $1,800 per square foot.
Engel & V枚lkers maintains that foreign buyers remain a dominant force in Vancouver鈥檚 high-end housing sales, though a recent survey by Statistics Canada found that foreign ownership in Metro 麻豆传媒映画now represents less than 5 per cent of all residential sales and 7.9 per cent of condo purchases.
鈥淚nternational buyers dominate Vancouver鈥檚 luxury property market, accounting for 85 per cent of transactions,鈥� said Greg Carros, managing director and principal at Engel & V枚lkers Vancouver.
鈥淐hinese citizens make up the largest buyer group here, followed by French and German buyers.鈥�
Engel & V枚lkers picks East 麻豆传媒映画for higher price appreciation in 2018, noting that a 鈥渘ew segment of affluent residents are starting to move into Vancouver鈥檚 downtown East Side at an accelerated rate. Gastown鈥檚 eclectic charm continues to keep the neighbourhood in demand in 2018.鈥�
In Calgary, the highest priced homes were found in the Pump Hill community, at more than $12 million. The most expensive condo apartments were in the downtown and southwest and reached up to $700 per square foot, the survey found. Foreign buyers account for less than 15 per cent of Calgary鈥檚 luxury market, according to the study.
Toronto鈥檚 Bridle Path is the most expensive area for detached properties in that city. Asking prices here for detached houses were as high as $11 million. The highest price fetched for condominiums was in Rosedale, at $1,300 per square foot.
In comparison, the most expensive detached houses in Montreal鈥檚 famed Golden Square Mile peaked at $11.9 million in the survey, which used sales data to the end of September 2017. The highest asking price for condominiums was also in this downtown neighbourhood at the foot of Mount Royal, at $1,440 per square foot.
