Seattle's already hot real estate market is getting even hotter thanks to a new wave of investors leaving Canada.
This year, British Columbia introduced a 15 percent offshore investor tax on real estate.
The new tax has had a dramatic impact as home sales fell 26 percent in August from 2, 489 sold, compared to 3,362 sold in August of 2015, according to the Real Estate Board of Greater Vancouver.
Seattle real estate agents that cater to Chinese nationals, said they have seen an increase in business. Miao Sui, whose website is in both English and Mandarin says 70 percent of his clients are Chinese.
"It is a boom right now," said Sui. "Vancouver has kind of experienced a real estate crash, and the Chinese are now moving to Seattle, looking for investment property and a home in the U.S."
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