Pages Navigation Menu

Top 25 Real Estate Agents in Vancouver West,Downtown Vancouver and West Vancouver. Buy & Sell residential homes, property management, pre-sale and more.

Is 15% Foreign Buyers Tax An Efficient Way to Suppress Vancouver Home Prices?

BC’s 15% foreign tax seems working on cooling down Vancouver real estate market. Since August, sales volume was down quite a bit. However the home prices are continue to go up yet much slower than the past few monthls.

Therefore, not only foreign buyers but local buyers start to slow down as well. They are more conserved than before about how the market gonna reflects to that foreign tax. It’s still too early to tell how efficient that tax to Vancouver real estate market.