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I don't get why everyone is still holding Australia up as a shining example of what we should be doing.
They started taxing foreign buyers years ago.
Housing is still a shitshow there. In Sydney/Melbourne it's worse than here.
Taxing foreigners is not a panacea.
And FYI Hypa I thought we addressed this before, Asians are not "bringing their lifestyles" here in the form of shoebox condos. If that's the case why are so many of the SFH buyers in Vancouver Asian? It's a trend towards less suburbanized living. It's actually been for decades a fact of life in 80% of the world outside North America
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