The percentage of Metro Vancouver home sales that involved foreign buyers plunged in August, following the provincial government levying a 15 per cent property transfer tax on transactions that involve foreign buyers in the region, according to data that the provincial government released.
Home sales in the region that involved foreign buyers plunged to 0.9 per cent between August 2 and August 31, from 13.2 per cent between June 10 and August 1, according to provincial government data….
Source : South China Morning Post
Read more…Home data shows province’s 15 per cent tax on foreign buyers is effective
