Paul Liberatore

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Hottest part of real estate market in Vancouver is homes in $4-million range


Forget $1-million homes. The most growth in Vancouver real estate, according to one survey, was reported in homes in the $4 million-plus market.

It’s another report that tells us what we know: Vancouver’s real estate market is red hot.

But where is it hottest?

According to Sotheby’s, it’s the market for the most expensive of homes — those valued at more than $4 million.

 

Those homes sold 67 per cent more last year, compared to the year before.

But the most activity continues to come from detached homes selling above $1 million.

About 3,450 of them were sold in Vancouver last year — a jump of 42 per cent.

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