Prices of Greater Vancouver homes wil drop by 8.7 per cent
next year. Cameron Muir, chief economist for the B.C. Real Estate Association (BCREA), said: “Home sales in Vancouver peaked in February this year and theyÝve declined ever since, thatÝs been exacerbated by some of these policy measures, particularly the foreign buyer tax.” It would be easy to say that the slowdown was a result of the 15% Foreign Buyers Tax
but it's just not that simple.
according to Canada Mortgage and Housing Corp. President Evan Siddall.