If you're looking to upgrade to a luxury house or condo in Metro Vancouver, a Canadian real estate company says it might be a good time to make the move.
A newly released report by Royal LePage forecasts a 7.1-per-cent drop in the median price of a luxury home in the region in 2019. That's a difference of about $410,000.
“Luxury properties in Greater Vancouver are softening in price, but the lower-end luxury market is faring better than the upper-end,” sales representative Brock Smeaton said in the report.
“For buyers considering the city’s most luxurious properties, it is a great time to buy in terms of price and selection.”
Between January 2018 and January 2019, the period studied in the report, the median price of a luxury home in…