Oct
04
Vancouver Home Sales Fall 33% in September, Most in Six Years
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Provincial government introduced 15% foreign buyer tax in July
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Sales are 9.6% below ten-year average for the month: realtors
Vancouver home sales fell 33 percent in September, the most since 2010, adding to evidence measures taken by the provincial government to curb price gains are working.
Sales in the Pacific coast city dropped to 2,253 in the month, from 3,345 a year earlier, the Real Estate Board of Greater Vancouver said Tuesday. It was the largest decrease since 2010, and comes after British Columbia imposed a 15 percent tax, which took effect in August, on purchases by foreigners…
Vancouver Home Sales Fall 33% in September, Most in Six Years
