Metro Vancouver’s reduced residential property prices must look pretty tempting to those looking to get their money out of troubled Hong Kong.
Since the foreign buyer tax was first introduced in Metro Vancouver in 2016, and then extended in 2018, the percentage of overseas buyers has plummeted, according to B.C. government figures. And since further market-cooling measures have been introduced, at both federal and provincial levels, there has been a decline in the benchmark detached home price of about 11 per cent.
Read more... https://www.westerninvestor.com/news/opinion/is-a-fresh-wave-of-overseas-real-estate-investors-coming-from-hong-kong-again-1.23897312?utm_source=Western+Investor+Newsletter&utm_campaign=9f0ad299f7-EMAIL_CAMPAIGN_2018_01_03_COPY_01&utm_medium=email&utm_term=0_9b89d35e1e-9f0ad299f7-96578813