Vancouver is having a moment. The western Canadian city is experiencing the effects of limited housing inventory and strong demand from international buyers. Luxury-home prices grew by an average of 11.8% from March 2014 to March 2015, according to a recent report from consultancy Knight Frank and Vancouver-based Dexter Associates Realty. Kevin Skipworth, owner and broker for Dexter Associates, expects that prices will continue to climb this year. The weaker Canadian dollar adds to Vancouver’s appeal since it lowers the purchasing cost for buyers from the U.S. Many overseas buyers view the city as a safe investment, according to the report. The attention from abroad has raised concerns that international investment is driving up real estate prices, although the city doesn’t officially collect data on the property purchases of foreign buyers. “The issue for us is that unlike many jurisdictions, we don’t track the presence of absentee buyers in the market,” said David Eby, member of the Legislative Assembly for Vancouver-Point Grey, who recently called on the provincial government to begin collecting this data. “Properties are changing hands somewhere else and the speculation is inadvertently China.” Tsur Somerville, director of the Centre for Urban Economics and Real Estate at the University of British Columbia, doesn’t think non-resident foreign buyers make up a large part of the overall housing market. “Maybe the luxury market and the high-end condo market,” he said. Bob Rennie of Rennie Marketing Systems, a condominium sales and marketing firm in Vancouver, agreed. “For single-family homes over C$4 million (about US$3.2 million), are we breaking 50% (foreign investment)? Probably.” The concentration of international buyers could be highest on Vancouver’s West Side, where the average home price is C$3.2 million Canadian dollars (about US$2.6 million), with the majority of these buyers coming from mainland China, according to Skipworth, of Dexter Associates. Here’s a look at some of Mansion’s Global listings in Vancouver. These five properties range in price from about $1 million to $4.3 million. Visit these links for the complete listings (prices converted to U.S. dollars). Homer Mews: $4.3 millionHowe Street: about $3.2 millionMcRae Avenue, about $2.7 millionMackenzie Street: about $2.4 millionHomer Street, about $1.0 million Write to Gina Faridniya at gina.faridniya@dowjones.com