Vancouver, pictured from near City Hall, increased the tax on foreign homebuyers to 20 per cent in February, up from the 15 per cent which took effect in August 2016. Photo: Ian Young

HSBC sounds alarm over ‘vulnerable’ Canadian housing market as global home prices cool

  • Higher interest rates, cooling measures have dampened sentiment in cities like Vancouver and Toronto
Topic |   Canada

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Vancouver, pictured from near City Hall, increased the tax on foreign homebuyers to 20 per cent in February, up from the 15 per cent which took effect in August 2016. Photo: Ian Young
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Cheryl Arcibal

Cheryl Arcibal

Before moving to Hong Kong, Cheryl covered the economy in her native Philippines.