Vancouver real estate market heating up again as sales and prices recover from buyers tax

Realtors in Canada’s most expensive city for housing report that market activity returned to near record levels in May, a mere nine months after the province introduced a 15 per cent tax on foreign buyers… Financial Post

Heat from Metro Vancouver’s real estate radiating into recreational properties

Greater Vancouver home sales return to almost record levels in May Vancouver Sun
Metro Vancouver home prices up 2.8% in May Business in Vancouver

Despite the vacancy tax,

Few Vancouver condo owners selling as vacancy tax looms

What did we say about Vancouver?

New Taxes On Foreign Buyers Will Not Affect Vancouver Real Estate Sales In The Long Run

Nobody bought properties in Vancouver because it is cheap there. Vancouver is never cheap. As a matter of fact, it has always been the most expensive place to buy a house in Canada (in price vs. income term). Yet, people still flock to the Pacific Utopia called Vancouver in drove (to buy houses), particularly the rich ones from the far east regions.

Vancouver is the “Chosenland”, she just got the right Geo-Fengshui mix… More Here.

For the same reasoning,

Foreigners don’t buy Calgary & Montreal real estate just because it’s cheaper there

Here is distinguished property in Vancouver. Check it out …

Penthouse in Fairmont Pacific Rim Hotel, Vancouver

For $21 million, this lavish penthouse in Vancouver, Canada can be yours. It is part of the Fairmont Pacific Rim building, which is an upscale condominiumand hotel in downtown Vancouver. The views are absolutely marvelous, with the entire apartment boasting huge windows and glass walls that overlook the bay and the nearby mountains.

A generous private terrace invites you outside for magical moments, especially in the morning when you have breakfast andyour first coffee, or in the evening when the moon and the city lights put on marvelous shows of glitter. Inside the penthouse everything spells glamour. Sleek surfaces, expensive materials, high-end finishes and hand-selected decors make up an irresistible environment for any luxury enthusiast.

The design has a slight oriental feel to it, characterized by rich fabrics, intricate ornaments and bright colors. These are successfully mixed with contemporary simplicity and elegance, and the result is absolutely fabulous.