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INSIDE: TC THINGS-TO-DO GUIDE [pg. 27]
WE’VE GOT YOU COV
FRIDAY, MAY 5, 2017
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Your community. Your stories.
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Serve You 1940 Oxford Connector, Suite 604-927-3388#103 2748 Lougheed Hwy, Suite #305 604-944-9577 1020 Austin Ave., Suite #20 Burke Mountain 604-939-7733 3 202-3387 David Ave. 1944 Como Lake Ave. 604-942-7214 604-937-3601
A SURE SIGN OF SPRING: MARKET OPENS SUNDAY
REAL ESTATE
Who’s buying homes here now? GARY MCKENNA The Tri-CiTy News
MARIO BARTEL/THE TRI-CITY NEWS
Tabitha McLoughlin, the executive director of the Coquitlam Farmers Market, tests the quality of some of the fresh produce being offered by the market’s manager, Julia Zado. The farmers market will be opening for the summer season this Sunday in the parking lot at Coquitlam’s Dogwood Pavilion. More info: makebakegrow.com.
VoteSmart2017: the results
The Tri-Cities and the rest of B.C. go to the polls Tuesday and while the final tallies won’t arrive until after The Tri-City News’ print edition goes to press, our newsroom team will be busy posting results online from local ridings. After polls close May 9, make sure you visit tricitynews.com
The number of foreign buyers purchasing real estate in the TriCities has fallen dramatically since the introduction of the provincial government’s 15% foreign buyers tax last summer. In the seven weeks prior to the implementation of the tax, foreign nationals made up 11.6% of all real estate purchases in Coquitlam, Port Moody and Port Coquitlam, according to data recently obtained by The Tri-City News through a Freedom of Information request. But the figures have plummeted since Aug. 1, 2016, with only 93 foreign buyers out of 3,377 transactions (2.8%) in the three communities. The change has been the most significant in Coquitlam. In the Tri-Cities’ largest municipality, 15.2% of real estate purchases were conducted by foreign buyers prior to the tax, a number that has dropped to 4.4% since. Port Moody fell from 11.2% to 1%, while PoCo dropped from 6.4% to 0.8%. see A LARGER, page 14
CONTACT THE TRI-CITY NEWS: newsroom@tricitynews.com / sales@tricitynews.com / circulation@tricitynews.com / 604-472-3040
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