Housing sales in the Vancouver region tumbled to a 33-year low in March while prices have fallen for 10 consecutive months.
Industry officials say provincial and federal factors have combined to cool off what had been a runaway market, in which prices skyrocketed from mid-2013 to mid-2016. Other provincial factors include what the NDP calls a speculation and vacancy tax, targeted primarily at out-of-province residents, and B.C. taxes aimed at higher-end properties.
Because the Chinese money launderers are finally getting worried and moving out?
GOOD!!!!!
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