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Housing prices climb to global heights for latest Olympics host

Real Estate Market Report: Vancouver, Canada
Published on May 31, 2011

Editor's note: This is the latest in a series of real estate market reports. Dollar figures are in Canadian dollars. (As of this report, 1 Canadian dollar was equivalent to about $1.02 in U.S. dollars.) Vancouver skyline. Flickr image courtesy of Dekaritae. Home prices in Greater Vancouver, Canada, continue to rise as the region's spring homebuying season got off to a strong start.  Buyers flocked to the market during the first quarter, fueled by heavy sales volume in the Richmond and Vancouver West areas. Although housing sales slowed in April, the benchmark housing price increased, topping $620,000. Recent changes in mortgages rules could make it even tougher for first-time homebuyers to enter the market, considered one of the priciest housing markets in the world. This report highlights real estate market statistics and trends in the Vancouver metro area and includes a chart with detailed market data and commentary from local real estate professionals.OverviewGreater...

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