The Canadian province of British Columbia is expanding its speculation and vacancy tax to thirteen more municipalities, including Kamloops and areas on Vancouver Island. The move aims to increase affordable housing options for residents. Meanwhile, home sales in the Greater Vancouver region have increased, with a higher number of newly listed properties providing more choices for buyers. The composite benchmark home price in November was $1,185,100, showing a slight decrease from the previous month. Economists predict that mortgage rates will fall in 2024, making market conditions favorable for buyers.
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