Foreign buyers have gone on strike in Vancouver's luxury housing market

The deep-pocketed foreign real estate buyers Vancouver has become famous may be gone. According to the latest numbers, foreign transactions above $3 million are dropping fast. No, foreign buyers didn’t disappear. They’re buying lower priced units, and it has more to do with China than BC’s tax. Luxury Segment Is Declining Foreign buyers looking for Vancouver’s luxury real estate declined very fast. According to the most recent numbers from B.C. Ministry of Finance, sales of homes over $3...