I don't think the poor and down-trodden are buying up homes in Vancouver. The issue is rich foreign investors buying up real estate either as vacation homes or

I don't think the poor and down-trodden are buying up homes in Vancouver. The issue is rich foreign investors buying up real estate either as vacation homes or investment properties. The only way these people contribute to the economy and community of Vancouver is through taxes. Raising the taxes should theoretically make this type of investment less desirable (and thus more affordable for poorer local residents)