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A house sits on Passage Island as condos and office towers in the downtown core of Vancouver, B.C., are seen in the distance at sunrise on Sunday August 14, 2016. Consumers no longer feel rushed to snap up homes in the Vancouver region since a new tax was imposed on foreign buyers. (DARRYL DYCK/THE GLOBE AND MAIL)
A house sits on Passage Island as condos and office towers in the downtown core of Vancouver, B.C., are seen in the distance at sunrise on Sunday August 14, 2016. Consumers no longer feel rushed to snap up homes in the Vancouver region since a new tax was imposed on foreign buyers. (DARRYL DYCK/THE GLOBE AND MAIL)

Vancouver housing sales slow as ‘fear of missing out’ fades Add to ...

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Consumers no longer feel rushed to snap up homes in the Vancouver region since a new tax was imposed on foreign buyers.

A slowdown in sales, especially for high-end detached houses, reflects how people’s moods have shifted away from the “fear of missing out” phenomenon, real estate experts say.

In the Real Estate Board of Greater Vancouver’s territory last month, 2,489 detached houses, condos and townhouses sold, down 26 per cent from the same month of 2015.

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