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by erikj54 5360 days ago
That's true in partial. Vancouver has some interesting experiences with foreign capital investing in the housing market. It makes for a very expensive city. If the aim of this is to boost the price of the housing market, then I think this measure will do that. Whether or not that is a good thing is an entirely different issue.
1 comments

Depends if you are a bank sitting on a lot of unsellable fancy property!