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On the international front

From The Real Deal

Learn the New Luxury Playbook at Luxury Connect | October 18-19 at the Beverly Hills Hotel

Editor's note: This article is reposted with permission by The Real Deal. Click here to view the original article. With Olympics, more buyers head to Vancouver Spurred by foreign buyers, Vancouver has started the year as one of the most active residential real estate markets in the Northern Hemisphere, according to the International Property Journal. While the 2010 Winter Olympics garnered worldwide attention for the city, many real estate professionals there say international shoppers have long played a major role. The city brings in approximately 40,000 new residents every year, with a large proportion hailing from Asia. Tsur Somerville, an economist with the University of British Columbia, told the Vancouver Sun that in a study he conducted of the real estate markets of six past Olympic host cities, the winter and summer Games rarely helped housing industries in the long run. "We are not seeing any evidence whatsoever of any consistent Olympic effect in house pr...