Christy Clark has figured out how to stay in office - penalize the foreign buyers and RE industry!
Personally, I love it, so many butt-hurt realtors meow
Serious note though, I wonder two things
- how will a potential downturn/slow down in foreign ownership affect the overall economy of the GVA (Don't expect nearly as much residential construction obviously, that's a lot of jobs)
- how much more will she tighten the screws to stay in office, very popular move with 9/10 Vancouverites favouring this new tax
+ the latest GDP numbers suggest Canada is most certainly heading for a recession.
I know this thread is totally divided, and this is strictly an opinion, but I think the show is over, by October 2016 there will be a clear slump in home sales which correlates to a drop in prices, and I'm willing to be it's significant, at least -5%.