The numbers don’t lie. In the past several months we have had a number of reports that have pegged the number of Foreign buyers in Vancouver at around 5 to 6% . The Vancouver Real Estate board added a citizenship declaration to all purchase and sale contracts over a year ago so these numbers are being tracked closely. The vast majority of the Chinese buyers in Vancouver either have their full Canadian citizenship or their PRS. Now that the NDP has increased the FBT to 20 % I’m going to predict that the next set of numbers will be under 3%.
This entry was posted on May 11th, 2018 by Owen Bigland | Posted in Video Blog