Deals falling apart in Vancouver under weight of new provincial tax

Anecdotal tales of offshore buyers walking away from deals in Metro Vancouver, rather than pay the new 15 per cent property transfer tax that only applies to them, are being heard across real estate offices. http://business.financialpost.com/personal-finance/mortgages-real-estate/deals-falling-apart-in-vancouver-under-weight-of-new-provincial-tax