[rubecube]

Originally Posted by Galakanokis

Things be a changing...



There's been an almost total collapse in the foreign buyer market.

There were only 60 sales valued at $46.9M since Aug. 2. By comparison, there were 1,974 sales valued at $2.3B the month prior.

Sorry, link.

http://www.theprovince.com/business/...595/story.html

Also this though:

The premier cautioned that it was too soon to gauge the true impact of the tax, because the land title registry showed a massive rush to close real estate deals before the tax deadline on Aug. 2.

On July 29, the government said more than $850 million in residential property deals involving foreigners were recorded, which was equal to more than 55 per cent of all sales in Metro Vancouver on that day, and the equivalent of almost 40 per cent of the total amount of foreign deals since June 10.

“I think August most people will look back and say it was an unusual month because people moved their transactions into July to avoid it,” said Clark.