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Will the Growth of China’s Economy Help the Vancouver Real Estate Market?

Vancouver Real Estate Market has an interesting chart by Canadian Real Estate Association and Bloomberg. The chart shows the connection of house price fluctuation in Vancouver, British Columbia and China’s GDP!

 

This means that on top of the 73% increase of single occupancy home prices since mid 2005, we might see even more of a rise. Currently the average price of a single occupancy home in Vancouver is over 1 million dollars.

 

Source: http://www.bloomberg.com/news/2013-01-20/china-growth-sets-vancouver-home-prices-chart-of-the-day.html

 

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