'Greater Vancouver House Prices to Fall 8.5% in 2017'

The video discusses the housing market trends in Canada, focusing on the contrasting situations in Vancouver and Toronto. Vancouver is experiencing a market correction with an 8.5% decline in home prices, influenced by regulations like the foreign buyer tax. In contrast, Toronto's market is growing, with a 16% increase in home prices. The video explores the impact of regulations, supply and demand dynamics, and the potential for future policy changes. It highlights the differences in market behavior between the two cities and the implications for homeowners and policymakers.

What was the percentage change in home prices in Vancouver in 2017?

• 8.5% increase

• 8.5% decrease

• 26% decrease

• 16% increase

What factor primarily drove the early signs of market slowing in Vancouver?

• High interest rates

• Government subsidies

• Affordability issues

• Increased foreign investments

How did the foreign buyer tax impact the Vancouver housing market?

• It stabilized consumer confidence

• It increased foreign investments

• It had no significant impact

• It reduced transactions by 40%

What is the expected trend for detached homes in Toronto?

• Decrease in prices

• Stable prices

• Above average price appreciation

• No change in demand

Why is a similar foreign buyer tax unlikely to be implemented in Toronto?

• It was highly effective in Vancouver

• It is not supported by public comments

• Toronto has no foreign buyers

• It would increase homeownership rates