Seattle has replaced Vancouver become the next darling destination for Chinese property buyers, reports The Wall Street Journal (7 February 2017). The Emerald city is reaping the benefits from a 15 percent foreign buyer tax imposed in nearby Vancouver last year. According to data from, the leading China real estate portal for international properties, Chinese buyer searches for Vancouver properties dropped 37% in December 2016 compared with a year ago. Seattle, in contrast, saw a 125% surge y-o-y in November – following a 71% increase in October – before growing another 1.8% in December.