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The foreign buyers tax and the speculation tax had a demonstrable effect on the market here in Vancouver: https://twitter.com/ianjamesyoung70/status/13712123551

• dleslie 6y ago
  Noticeable but not a panacea; with the way folks talked about it you'd think the _only_ cause of housing price increase was foreign speculation, when in fact it turned out to be an altogether minor factor.
  • shaggyfrog 6y ago
    Foreign ownership has been shown conclusively to be a major factor, if not the most important, in real estate pricing in Vancouver.