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World's hottest luxury housing markets

top luxury housing markets vancouver condo

Price rise: 11.8%
Country: Canada

Vancouver's priciest residential areas are built with foreign money.

The city has one of the highest rates of condominiums owned by offshore buyers in Canada. Interest from China remains high, prompting calls from locals to clamp down on foreign investment in order to take some of the heat out of the property market.

Related: Canada kills investor visa popular with Chinese

First published May 20, 2015: 9:21 AM ET

The Knight Frank Prime Global Cities Index compares the performance of prime residential prices across key global cities. Prime property corresponds to the top 5% of the wider housing market in each city. Price rises relate to the percentage change from March 2014 - March 2015.

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