The decline in Vancouver's housing market has affected the housing statistics for the whole of British Columbia, reports the Financial Post (14 September 2016). A 25.6 percent fall in sales activity in Vancouver led prices across the province to fall 8.1 per cent on average in August, and although it may be too early to confirm, speculations are running rife that this drop could be due to the new foreign buyer tax. According to Brad Henderson, President and CEO of Sotheby's International Realty® Canada, which recently joined, "We still see a (further) reduction in sales. I think a lot of those higher end sales are on hold as people reflect on what this tax will mean." Henderson further cited Juwai Data, which showed that Chinese buyer searches for Vancouver properties dropped 81 percent in August, while Chinese buyer searches for Seattle in the US rose 143 percent.