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IF: 597 homes sold last August in Vancouver AND: BC started levying a 15% surcharge on foreign sales between last August and this August AND: 87 homes sold this August in Vancouver THEN ... well, correlation does not imply causation but if the whole point was to stop foreign speculation and ...I mean, the "very small percentage" theory is kind of debunked. For those of us who spent time in Vancouver before and after the return of Hong Kong to China, allow me to say that I find the idea of minimal foreign participation in the Vancouver market to be outright laughable.The descent in housing sales is being perpetuated by China’s State regulated media which is warning Chinese buyers of the dangers of owning Canadian real estate.