The Traderszone Network

Published in TZ Latest News 4 September, 2016 by The TZ Newswire Staff

Vancouver home sales drop as foreign buyers tax bites

Canadian dollar could become increasingly sensitive to housing data
The first numbers that show just how bad the foreign-buyers tax in Canada’s West coast is hitting are out. Sales fell 26% in August compared to the same month a year earlier. Detached homes fell 44.6%, the the Real Estate Board of Greater Vancouver said Saturday.