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^ I don't know how Clark and Robertson can even defend this? Like why make it a race thing at all? It's easy, we have the data, let's put some sort of restrictions or tax on it.
The city still gets the investment money / property tax revenue and the developers still get to build new homes/condos. The local citizens will benefit from tax revenues and city services that will hopefully be used to upgrade roads/infrastructure or community services.
Only losers really are foreign buyers who will have to pay a bit more in terms of taxes - but whats a a bit more when you are already shelling out $2-4 million dollars? It hasn't deterred them in other jurisdictions around the world.
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