The tax only really affects landed immigrants who live and work in BC, and foreign capital investments in new developments as the Chinese speculators with billions who want to park money in Vancouver have already found ways around it because they can deposit millions to set up national corporations and have it do all the land holding/flipping. For example my sister who has lived here 30yrs with American citizenship will have to move to another province or back to the US if she sells her house since she will be eligible for the 15% tax buying a new place, on top of all the other existing taxes so is looking at +20% tax when her family outgrows their home.