Sentences with phrase «prompted homes sales activity»

While the decline started before the 15 % tax for foreign buyers was quickly introduced by the B.C. government in early August 2016, the tax prompted homes sales activity to plunge 26 % by September, according to the Real Estate Board of Greater Vancouver.

Not exact matches

Still, a decline in sales activity will prompt a modest decline in home prices in a few provinces, including: B.C., Saskatchewan, Nova Scotia, PEI and Newfoundland & Labrador.

Homebuilding activity for all housing types is underperforming in about two - thirds of 146 metros measured and that has prompted a significant drop in available homes for sale, according to NAR.