Vancouver Home Sales Fell 37% in Nov.

The video discusses the impact of a tax levied in Vancouver aimed at cooling the housing market, which led to a significant drop in sales. It explores the role of geographic proximity in the housing markets of Vancouver and Seattle, highlighting the influence of international buyers, particularly from China. The discussion also touches on Toronto's real estate market, noting its attractiveness to global investors due to currency advantages and the absence of a similar tax.

What was the primary reason for implementing the tax in the Vancouver area?

• To attract more international buyers

• To cool down the overheated real estate market

• To increase government revenue

• To support local tech companies

How did the geographic proximity of Vancouver and Seattle affect their real estate markets?

• It increased interest from international buyers, especially from China

• It led to a decrease in property prices

• It attracted more local buyers

• It caused a decline in tech company investments

What percentage of homes sold in Seattle suburbs were purchased by Chinese buyers this year?

• 20%

• 30%

• 70%

• 50%

Why might Toronto be attracting more international real estate investments compared to Vancouver?

• Toronto is closer to the Pacific Coast

• Toronto has more tech companies

• Toronto has not implemented a similar tax as Vancouver

• Toronto has a higher tax rate

By what percentage did the average home price in Toronto increase compared to last November?

• 10%

• 17%

• 30%

• 23%