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jimtan
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Re: Did The Vancouver Foreign Buyers Tax Work?

Thu Jun 27, 2019 8:21 am

Yes, the government intervention has been successful. Foreign buyers out...

"This West Vancouver mansion just sold for less than half its asking price. It’s not the only one"

https://globalnews.ca/news/5314158/home ... discounts/

Not surprising, entry level homes hold up well. One- bedroom condo down just 3.1%. Yah!!!

"Reverse Plankton Theory in Vancouver Housing

… When we look at Greater Vancouver condo prices by bedrooms it appears that once again the higher end of the market has taken the biggest blow. The average price per square foot for a 3 bedroom condo has tumbled 11.6% year-over-year in May. Contrast that to 10.9% for 2 bedroom condos and just 3.1% for one bedroom units."

https://stevesaretsky.com/reverse-plankton-theory/

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