The British Columbia's new tax on foreign buyers may deter Chinese buyers from Vancouver, reports the South China Morning Post (17 August 2016). According to the BC government's data, Chinese buyers bought C$1 billion worth of property during the six-week period between 10 June 10 and 14 July, but the new foreign buyer tax – effective 2 August 2016 – may put a damper on it. Nevertheless, other Canadian regions is set to benefit from it as Chinese buyers increasingly look towards other cities offering more value. According to, Chinese buyer enquiries for Calgary and Ottawa have been on the rise, and President of the Americas Matthew Moore notes, "We have been seeing for months now that increasing numbers of Chinese buyers are looking for other markets with some of the same lifestyle benefits, but lower entry prices, not everyone in China is a billionaire." [This article is available in print only]