Will the Vancouver Property Transfer Tax Benefit the Okanagan Shuswap Real Estate Investment Market?

Realtors in Toronto are saying that they are seeing an increase in buyers from China since the Vancouver tax was implemented on August 2 of this year. There is no question that the market in Vancouver has slowed. Some Realtors are quoted saying it is in a nose dive. Have people in China all of a sudden stopped moving their money into Canada? I doubt it. They simply redirect it. It is only speculation at this time but I suspect will will see a positive impact on the already hot Okanagan Shuswap Real Estate Market. 

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Bill Hubbard

Bill Hubbard

CENTURY 21 Executives Realty Ltd.
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