Canada's new foreign buyer tax in British Columbia could lead to a price drop of 10 percent by the end of next year in Vancouver, reports The Globe and Mail (30 August 2016). House sales in Vancouver could also drop fall 3 percent this year, and potentially decline more than 22 percent next year as well. According to Juwai Data, Chinese searches for houses worth more than $1 million plunged 55 percent in July 2016 because of 'very dramatic and abundant' coverage on this foreign buyer tax. Juwai Data also showed Chinese buyers turning away from Vancouver to look at more affordable cities elsewhere in Canada. “The shift to other cities has actually been going on for months, with buyer demand momentum shifting to other cities with similar appeal but lower entry prices,” said Matthew Moore, President of the Americas for [This article is available on subscription only]