Vancouver’s Foreign Buyers Tax ?

So, this was suppose to bring down house prices and make housing more affordable?

The Facts:

According to the Financial Post this weekend:

A home was just listed for sale in Vancouver for $63 million. A record !

The average price of a detached home in Vancouver rose to a record $1.8 million.

Funny how this gets lost in all the rhetoric of necessary state intrusion in just about everything .

So , this tax has not accomplished what the proponents said it would.

Do you think the tax will go anytime soon?

And what do the people think. Today a new poll indicates that only 2% of people in Vancouver think housing is affordable there and in Toronto just 6%.


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