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September 29, 2016
On Monday, RSIR and Tiger Oak Media welcomed the inaugural flight of Xiamen Airlines to Sea-Tac International Airport with the second edition of its Mandarin-language magazine Seattle Luxury Living. Dean Jones, president and CEO of RSIR, said that Vancouver's new 15 percent tax on foreign buyers is steering Chinese customers from Canada to Seattle. “Puget Sound's relative affordability and close proximity to China have helped to make our region an increasingly preferred market for savvy Chinese,” he said. The Vancouver tax went into effect on Aug. 2. Said Jones the Chinese real estate website Juwai.com has reported that in August real estate inquiries for Vancouver fell 86 percent while they rose 146 percent for Seattle.