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Did the New Foreign Tax Make Vancouver Real Estate More Affordable?

Back on August 12, 2016 I wrote about the new 15% property tax that was introduced for residential property transfers to foreign entities (non-Canadian Citizen or non-Permanent Resident) in the Greater Vancouver Regional District.  I asked the question… “Will the new foreign tax make Vancouver real estate more affordable?”.  It was too early to tell back then and now that 6 months have gone bye… did it?

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