Vancouver home sales drop nearly 33% as new tax takes hold
VANCOUVER — The Globe and Mail
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Property sales in Greater Vancouver totalled 2,253 last month, down 32.6 per cent from a year earlier, as the housing market adjusted to the impact from the B.C. government’s tax on foreign buyers.
The benchmark price for detached houses, condos and town homes slipped 0.1 per cent in September, compared with August. The benchmark price, a representation of the typical property in an area, is up 28.9 per cent over the past year in the region, the Real Estate Board of Greater Vancouver said Tuesday.