TChinese enquiries of the listings in the Vancouver real estate market slumped by 81 per cent year-over-year in July 2016, the month the city’s 15 per cent foreign buyers tax tax was announced, according to a new report from Sotheby’s and Juwai.com. Chinese property enquiries in several big Canada markets spiked in the months after Vancouver introduced its foreign buyers tax, according to a report based on data culled from searches on a top Chinese foreign property website.
Category: Sothebys Holdings
Sotheby’s Stock Surging on Better-Than-Expected Earnings
Shares of Sotheby’s are gaining by 13.4% to $45.48 on heavy trading volume on Monday morning, after the auction house reporter better than anticipated 2016 fourth quarter results. Sotheby’s posted adjusted earnings of $1.35 per share on revenue of $308.7 million for the most recent quarter.