Buyers from expensive markets are drawn by the city’s lower prices and laid-back lifestyle
The national average home price was a record $748,450 in January, up 21% from $618,587 a year earlier
The Real Estate Board of Greater Vancouver says home sales totalled 2,285 in January, down nearly 5% from the same period in 2021
The tax is part of the federal government's plan to crack down on rising home prices
The greatest increases were in smaller urban markets
The national average home price hit $713,500 last month, up almost 18% from the previous December
The government will draw a line between mom and pop-style landlords and large real estate trusts that own hundreds of units
The regulator said it's essential that lenders test borrowers to ensure that they can pay their debts
Many pending taxation issues were not addressed in Tuesday's fiscal update, however
An outlook report from Hazelview Investments calls for another good year for real estate holdings