Vancouver is one of the two most active and expensive property markets in Canada. Photo: Handout Vancouver is one of the two most active and expensive property markets in Canada. Photo: Handout
Vancouver is one of the two most active and expensive property markets in Canada. Photo: Handout

Canada wants to tax phantom foreign homebuyers to rein in red-hot property prices

  • Home transactions from January to October rose 8.6 per cent from a year earlier and could break 2016’s record, according to association
  • Average home price rose to a record C$607,250 in October, surprising industry analysts at a time when traditional market drivers are still weak

Topic |   International Property
Vancouver is one of the two most active and expensive property markets in Canada. Photo: Handout Vancouver is one of the two most active and expensive property markets in Canada. Photo: Handout
Vancouver is one of the two most active and expensive property markets in Canada. Photo: Handout
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