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A surge in property transfers took place on July 29, which was the last business day before the government implemented a new 15 per cent tax on foreign home buyers. Photo: Ivan Sabo/Shutterstock

Home data shows province’s 15 per cent tax on foreign buyers is effective

The percentage of Metro Vancouver home sales that involved foreign buyers plunged in August, following the provincial government levying a 15 per cent property transfer tax on transactions that involve foreign buyers in the region, according to data that the provincial government released.

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