By Emma Crawford Hampel
The 15 per cent tax on foreign real estate buyers enacted this summer has dampened foreign interest and will continue to do so in the short term, but Vancouver will remain attractive to investors from other countries, according to an RBC Economics report released.
The report said once the initial shock from the tax has run its course, the city will continue to attract wealthy individuals, particularly from China, “given the strong connection already established….
Source : South China Morning Post
Read more…Canada’s foreign real estate buyers tax won’t be a long term deterrent
