Two Canadian Cities Among The Top 5 In The World For Real Estate Price Growth

Source: Ben Myers & Frank Knight

Two Canadian cities have made the top five list for resale home price growth around the world. Vancouver having the highest year over year price increase around the globe at 36%, and Toronto in the fourth spot at 13%. It will be interesting to see if this trend continues after the introduction of a 15% tax to foreign real estate purchases in Vancouver. Foreign buyers are the number one reason for the recent housing spike in Vancouver.