Real Estate Advisors and Royal LePage

luxury home sales: In a report released Thursday, it surveyed 250 real estate advisors who specialize in luxury home sales across the Great White North, according to Huffington Post Canada. The result A hefty majority believe that foreign buying had risen in Canada between 2005 and 2015 — and in some places, it only likely to keep growing. But real estate firm Royal LePage has taken a crack at it anyway. A luxury home in West Vancouver, B.C. Royal LePage defined "foreign buyers" as anyone who lived outside of Canada "all, or most of the time." Luxury properties, meanwhile, were defined as homes that were worth more than four times the average price in Vancouver, Calgary, Toronto and Montreal. More than half of the advisors said that foreign buyers came largely from China, and 60 per cent expected to see more interest in Canadian real estate from elsewhere in 2016. With that definition in mind, about a quarter of the advisors that the firm spoke to said that 25 per cent or more of the luxury homes in their cities were snapped up by foreign buyers. (www.immigrantscanada.com). As reported in the news.