Vancouver Home Prices Climb 18% in 2016

The video discusses the Vancouver real estate market, highlighting its strong performance in recent years with a significant price increase. However, the introduction of a foreign home buyers tax in 2016 led to a decline in sales. The video also touches on Canada-US trade relations, with Prime Minister Justin Trudeau expressing a willingness to work with the new US administration and address NAFTA concerns.

What was the average price increase in the Vancouver real estate market from the previous year?

• 10%

• 18%

• 25%

• 30%

Which years had higher sales than the recent year discussed in the video?

• 2000 and 2003

• 2018 and 2019

• 2015 and 2005

• 2010 and 2012

What was the effect of the foreign home buyers tax on the Vancouver real estate market?

• It had no effect on sales

• It stabilized the market

• It increased sales by 10%

• It caused a decline in sales

By what percentage did sales decrease year over year after the foreign home buyers tax was introduced?

• 15%

• 23%

• 50%

• 39%

What was Prime Minister Justin Trudeau's stance on NAFTA during his message to the U.S. Congress?

• He proposed a new trade agreement

• He refused to discuss NAFTA

• He was open to discussions

• He wanted to terminate NAFTA