Pursuits
Vancouver Home Sales Fall 39% as New Rules Chill Market
- October residential transactions plunge most since 2010
- Sales were 15% below 10-year average for the month: realtors
Vancouver Imposes New Foreign Property Tax
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Vancouver home sales plunged 39 percent in October from a year earlier, the biggest drop since 2010, as new regulations chill Canada’s most expensive property market.
Sales in the Pacific coast city fell to 2,233 in the month, from 3,646 a year earlier, the Real Estate Board of Greater Vancouver said Wednesday. That was 15 percent below the 10-year average for October.