Vancouver Luxury Real Estate

Prices from $1,098,000 CAD to $8,680,000 CAD Listings last updated 12/13/2017

Luxury Homes and Condos for Sale in Vancouver:

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Vancouver, BC luxury real estate overview

Point2 Homes gives you far more than a simple list of luxury homes for sale. Get instant access to a lot of relevant information about Vancouver, BC luxury real estate, including property descriptions, virtual tours, maps and photos. The search results pages also have a wealth of information on Vancouver, BC, right below the listings. You can use Vancouver, BC luxury real estate prices, square footage, amenities and many other criteria among the deep filter functions on Point2 Homes to help narrow down your search. Price drops are another feature at your disposal, useful in finding luxury homes for sale which have had their asking prices reduced in the past six months.

There are 1,000 apartments and condos for sale in Vancouver, BC

Use the map view to find Vancouver, BC luxury houses for sale, based on amenities or city features that you may want close by. You can close in on a specific neighbourhood or area by simply drawing around it with the polygon or radius tools. Stay informed about the latest entries on the real estate market by saving your searches. This way, you get new listings in your inbox, daily or every week, based on your preferences. If you’d like to get in touch with a professional, agents are displayed next to their listings, along with all their contact information and a handy online contact form. If you want more options, you can go to the Tools tab and Find an Agent, and you’ll get a list of helpful and knowledgeable real estate agents in Vancouver, BC. Visit the Point2 Homes blog and you can find up to date expert advice on many markets throughout Canada, regular market reports, neighbourhood scoops in cities throughout the provinces, luxury real estate deals and useful recommendations.

CITY GUIDE
VANCOUVER, BRITISH COLUMBIA

Located in British Columbia, Vancouver is a beautiful city nestled between the mountains and the ocean. As a world-class destination, Vancouver offers the best of both worlds for city-dwellers and adventure-lovers, with an abundance of green spaces, access to the beach and mountains, and a cosmopolitan vibe. The city spans an area of 114.97 sq.km, with 1,001 acres of that being Stanley Park, and is the key access point to Vancouver Island.

With a climate that contrasts with the rest of Canada, Vancouver experiences hot summers and mild winters; however, is prone to the occasional flurry of snow and a generous amount of snow at higher elevations and in the mountains. Vancouver enjoys prominent seasons, but is known for receiving a fair amount of precipitation especially in winter.

Population-wise, Vancouver is the eighth largest city in Canada, with 631,486 people, while the Metro Vancouver area has a much higher population of over 2.4 million. The city is comprised of a number of different ethnic groups, including British, Irish, Scottish, German, and Chinese. Vancouver embraces diversity in all forms, and has a large LGBTQ community and is home to the country’s largest annual pride parade. Vancouver is Canada’s top destination for the film and television industry, and its other key industries include tourism and recreation, health care, retail, manufacturing and construction, and real estate. Tourism is a huge driver of Vancouver’s economy, due to its recreational activities and popular resorts such as Whistler Blackcomb and the North Shore ski resorts, as well as the beaches, city attractions, restaurants, and shops.

Popular areas in Vancouver include: Arbutus-Ridge, Fairview, Kerrisdale, UBC, Kitsilano, Renfrew-Collingwood, and West-End-Vancouver.

Vancouver, British Columbia

Vancouver, British Columbia
real estate market overview

Real Estate Market Overview

Known to have one of the hottest real estate markets in Canada, Vancouver is experiencing a housing boom and has been for the last few years. While things have started to even out in recent months, Vancouver is still enjoying a very strong market largely driven by a growing population, relatively low mortgage rates, and increasing employment levels.

Vancouver has a high demand for homes, which has contributed to a large number of new home starts in the form of condominiums and town houses. There will be a continued demand for new homes over the coming years due to the growing population and employment levels, and multi-family homes under construction will remain elevated. Since detached properties are unaffordable for many people, and due to the limited amount of developable land, multi-family homes are very popular and come with a more affordable price tag.

The introduction of the Foreign Buyer’s Tax has stabilized Vancouver’s real estate prices for the first time in three years; however, the property market will remain just as desirable with multi-family homes generally favouring sellers. The rental demand is predicted to remain high, and investors purchasing rental properties are in a very good position due to increasing rental prices especially in the Downtown areas. Rental demand is outpacing supply, also driven by an increase in the number of short-term rentals in the city which has taken long-term units off the market.

real estate market overview

Luxury Real Estate Market Overview

Vancouver is known for its abundance of housing, especially luxury homes. The city has a number of $1-million plus homes, consisting largely of detached properties in areas such as West Vancouver, Burnaby, White Rock, and Richmond. In these areas, as many as 95% of the detached homes are over the $1-million mark, largely because Vancouver and the surrounding area is such a desirable place to live. Its hot property market cooled down slightly towards the end of 2016 due to the implementation of the Foreign Buyer’s Tax; however, Vancouver is still a very attractive destination for both foreign and local buyers.

West Vancouver, also known as Vancouver’s “Hollywood” equivalent, boasts a number of stunning homes with large land plots, swimming pools, and sweeping views of the city and ocean. White Rock is home to beautiful family properties overlooking the beach, Richmond is very multicultural with a large Asian community, and Burnaby offers a range of luxury homes with a suburban feel but is very close to Vancouver. Vancouver is a great place to invest, especially in luxury real estate, largely due to confidence in the real estate market, low-interest rates, and a strong economic market. Vancouver consistently ranks among the top places to live in the world on the EIU liveability index, which contributes to its strong real estate market.

luxury real estate market overview

Read more about living in Vancouver, British Columbia.