"Now, I can't go forward and also can't go back."
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One realtor estimates detached home sales have dropped 75% in recent weeks.
Vancouver's foreign homebuyers tax has given rise to concerns that it could exacerbate Toronto's housing market.
And it may spark trade wars with the U.S. and China, says one expert.
"If the transaction is registered Aug. 2 or afterwards, the tax applies."
It takes effect Aug. 2.
50 auditors are about to descend on Vancouver's housing market.
The tax is aimed at improving the supply of rental homes across Metro Vancouver's superheated market.
The government is stepping in.
And how about that ocean-side view?
Real estate just can't stop moving.
500% inflation is perfectly normal, right? Right?
Surging real estate values added $2.3 million to B.C. cabinet ministers’ personal wealth this year alone, as the government says coming measures to ...
It's right out of a fantasy novel.
"It's just a different spin on, 'How do we provide an affordable home ownership option to buyers who otherwise can't get into the market?'"
You need deep pockets to live here.
Is Tofino the new Vancouver?
Fit for a (music) queen!
"It’s a way for young people to own their own home when they’re 20–something."
As the Pet Shop Boys said, go west!
So many windows.
Realtors in B.C.'s Gulf Islands and Ontario's Muskoka and Niagara regions say they are also observing the trend.
Buyers are in their 40s and 50s seeking to re-create the idyllic weekends and summers of their youth.
The $13-million property outside Victoria has won major design awards.
An East Van house listed for just under $1.6 million sold for $567,260 — or 35 per cent — over the asking price.
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