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Vancouver Leads Canada's Fourth Straight Fall in Home Sales | Tony Seruga
Sep
15

Vancouver Leads Canada’s Fourth Straight Fall in Home Sales

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  • Realtor group says B.C. foreign-buyer tax curtailing activity
  • Prices in west-coast city decline as national average rises

Canadian home sales fell for the fourth-straight month in August, with Vancouver leading the decline after the introduction of a sales tax on foreign buyers.

The number of transactions in Greater Vancouver dropped 18.8 percent from July, and there was a 10 percent fall in the nearby Fraser Valley, the Canadian Real Estate Association said Thursday from Ottawa. The national total fell by 3.1 percent on the month, with the decline blunted by a 2.1 percent gain in Toronto, Canada’s biggest city…

Vancouver Leads Canada’s Fourth Straight Fall in Home Sales

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