Royal LePage Real Estate Advisors

real estate: Royal LePage defines foreign buyers as buyers who live outside of Canada all or most of the time, according to Vancouver Courier. In Vancouver, 83 per cent of agents surveyed said they had seen an increase of foreign buyers in 2015. The survey of 250 Royal LePage real estate advisors showed that 24 per cent of those surveyed believed that 25 per cent or more of luxury properties in their area were bought by foreign buyers. Half of all the agents surveyed said China was main source of international interest in Canadian real estate. The luxury market has been driven purely on the demand from investors and the appeal is the perfect storm of geographical appeal, Jason Soprovich, a real estate agent with Royal LePage Sussex who specializes in the West Vancouver market. Prices in Point Grey and West Vancouver, two high-end markets in Vancouver, have gone up 135 per cent over 10 years; the next highest increase was Toronto Lawrence West neighbourhood, up 76 per cent over 10 years. (www.immigrantscanada.com). As reported in the news.