helps but its to late now, chinese already took over vancouuver. This is like closing the gate after all the horses are out. Should have done this 5 years ago.
The whole of canada needs to do this because it wont stop the chinese from just going to toronto,
there is also no compelling evidence that this will actually cool down the market. it's hard to imagine that somebody willing to lay down 2-3 million for a crib would buckle at the prospect of adding a couple extra hundred K on top of that. it's just more money to launder. and if the market continues heating up and the govt collects a shytload of tax money as a result you think they will say

to all these rich foreigners? nah, they will want more of them parking their cash in Canada.
Federal govt needs to stop joking around and handle this before it gets outta control for real
