The new 15 percent foreign buyer tax implemented in British Columbia could make Calgary real estate more attractive to overseas buyers eyeing Canada, reports Calgary Herald (28 July 2016). While the B.C tax – aimed at cooling the overheated housing market in Vancouver – may not affect international HNWI property investors, the tax will deter ordinary foreign investors, leading them to cast their eyes elsewhere in Canada, such as Calgary in Alberta. Recent data, China’s top international real estate website, reveals Chinese enquiries for Alberta has significantly increased in the first six months of 2016. According to President of the Americas Matthew Moore, “Some buyers might also be put off by the new tax in B.C., or by feeling that prices have already over-appreciated in the more common gateway cities.” He further adds that a new direct air link between Calgary and Beijing from Hainan Airline could have also attributed to this increase.