"When these uncommitted buyers compare Vancouver prices plus the tax to what they can get somewhere else, sometimes they decide it's not worth it."

The City of Vancouver is taking steps to make it easier for city residents to get in on home pre-sales.

Not in Toronto, at least.

The Real Estate Board of Greater Vancouver says home sales plunged 38.8 per cent last month compared with October 2015.

Vancouver home sales in September were down by about a third from a year earlier after British Columbia implemented the new 15 percent tax in August.

Number crunchers at Royal LePage predict Vancouver's surging house market is marking its "final hurrah."

The Real Estate Board of Greater Vancouver says home sales in Metro Vancouver in September fell by 32.6 per cent compared to the same month last year.