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Vancouver's luxury condo market shifts to a buyer's market, with sales over $4 million rising 26%.
Sotheby's International Realty Canada reports that Vancouver's luxury real estate market has seen a shift, with a growing buyer's market for condominiums due to increased inventory and lower prices.
While detached homes still dominate, accounting for 89% of $4 million-plus transactions, luxury condo sales over $4 million rose by 26% year-over-year.
Sotheby's predicts these trends will continue, offering investment opportunities for buyers preferring urban living.
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El mercado de condominios de lujo de Vancouver cambia al mercado de un comprador, con ventas de más de $4 millones aumentando un 26%.