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Prime prices moderate but Vancouver continues to buck the trend

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Vancouver leads our rankings for the fourth consecutive quarter with prime prices in the city increasing by 26% in the year to March 2016. A severe lack of supply is creating an upward pressure on prices. There is little evidence that February’s increase in land transfer tax, from 2% to 3%, on all purchases above CAD2m, has dented sale volumes.

Source : Knight Frank

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Keywords : Knight Frank