House sales Canada 2021-2023
Will these measures be successful?
Existing home sales are also set to be affected by these changes. Only time will tell whether this trend will continue, or whether the Canadian housing market will heat up in spite of these measures. British Columbian residents appeared to be skeptical of the success of the foreign buyer tax, when they were asked in 2016. Only approximately one quarter of the respondents were confident that the tax would be successful in improving home affordability in their province.