[DeBraid]

> since the tax was imposed in April 2017

Base rate matters here. They are measuring `Sales subject to foreign buyers tax`, not the impact of foreign buyers.

This percentage of foreign buyers THAT ALSO pay their taxes. The foreign capital that flows into residential real estate mostly held in numbered corporations which are not captured in the above data.

> Why not just park your money in the US where no such taxes exist and is overall less hostile to foreign ownership?

After 9/11 the USA (relative to Canada) got very serious about prosecuting money launderers. Tax rates are less important than getting dirty money clean.

> government inaction is putting Canadian banks in an awkward position as they seek more growth south of the border. Americans are keenly aware that criminals exploit [Canada's] weaker laws.

https://www.theglobeandmail.com/business/commentary/article-...