Foreign Buying Plummets in Vancouver After New Property Tax

  • Foreigners comprise less than 1% of purchases after new levy
  • Overseas buyers bought C$2.3 billion of homes before tax start

Foreign Buying Falls in Vancouver After New Property Tax

Foreign investors dropped out of Vancouver’s property market last month after the provincial government imposed a 15 percent surcharge to stem a surge in home prices.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.