Seattle real estate market getting hotter
Seattle’s real estate market is getting hotter because of a new wave of investors leaving Canada.
British Columbia introduced a 15 per cent offshore investor tax on real estate.
The new tax has had a dramatic effect as home sales fell 2 per cent in August, according to Real Estate Board of Greater Vancouver.
“ It is a boom right now. Vancouver has kind of experienced a real estate crash, and the Chinese are now moving to Seattle looking for investment property and a home in the U.S,” said Miao Sui, whose website is in both English and Mandarin.