[kosei]

From the original article:

"It’s working (pdf), according to Bank of Montreal analysts. They show how prices have been falling in Vancouver but are still appreciating steeply in Toronto and Victoria, which don’t have a similar tax."

If your point were correct, you'd also see declining prices in Toronto/Victoria, no?

Here's the PDF: http://economics.bmocapitalmarkets.com/economics/amcharts/GD...