That's good but not good enough. Because many foreign buyers are Canadian in name only. So the measure will not succeed. The Astronaut families(1) need to be c

That's good but not good enough. Because many foreign buyers are Canadian in name only. So the measure will not succeed. The Astronaut families(1) need to be cut out of the housing market. An Astronaut family is a privileged family where typically the husband works in Asia for high income and low or no tax, while the wife and children live in Canada. They don't declare their foreign income (2). >A revealing new “super-diversity” website created by a University of B.C. geographer, Daniel Hiebert, shows nine of 10 recent Chinese immigrants arrive in Metro Vancouver with enough money to immediately buy homes. But only half hold down jobs during their first five years in Canada, while four of 10 report they’re surviving on low incomes. They are eligible for low income benefits, free healthcare, subsidized education at world class universities (3). They make money in a low tax, low social safety net jurisdiction and live in a high income tax high safety net one. They are taking advantage of an income/tax arbitrage that needs to be closed. Many disadvantaged POC immigrants want to come to Canada to improve their lives and the country. But the privileged families take away their spots, increase housing prices, segregate themselves, and contribute little. (1) https://en.wikipedia.org/wiki/Astronaut_family https://en.wikipedia.org/wiki/Astronaut_family (2) https://vancouversun.com/opinion/columnists/douglas-todd-how-chinese-filipino-and-other-immigrants-differ https://vancouversun.com/opinion/columnists/douglas-todd-how... (3) https://www.narcity.com/vancouver/ubc-ranked-one-of-the-best-universities-in-the-world-in-these-subject-areas https://www.narcity.com/vancouver/ubc-ranked-one-of-the-best...