The foreign buyers’ tax, introduced by the previous Liberal government, has done little to improve affordability a year after it was introduced, say observers of Metro Vancouver’s real estate market. Analysts say home prices have continued to escalate, sales are on pace with pre-tax expectations and houses are largely still out of reach for most residents. “Maybe
It might be hard for residents of Canada’s most expensive cities to imagine, but real estate actually became more affordable in several major Canadian housing markets this past quarter, suggests the latest Housing Affordability Monitor from National Bank. “Yet again this quarter, there is still a significant divergence across regions with no less than 6
Almost a year after British Columbia brought in a 15-per-cent tax on foreign buyers in Greater Vancouver, the detached housing market in Canada’s most expensive city for housing continues to show limited price growth. But while detached price gains continue to be mostly flat, the overall market for housing in Greater Vancouver does show signs
