Vancouver | Home sales in Vancouver slumped to a near two-decade low in June and the benchmark price fell below the $C1 million ($1.09 million) mark for the first time since May 2017.
After an influx of foreign investors, notably Chinese and Russian, propelled prices sharply higher this past decade, a mix of new residency taxes and tougher mortgage stress tests has taken the air out of the market.
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Timothy Moore writes on equities, commodities and monetary policy. He writes Before the Bell and contributes to the Markets Live blog. Connect with Timothy on Twitter. Email Timothy at timothy.moore@afr.com
