So if they are using loopholes to continue to buy, why are housing prices dropping? Maybe because foreign buyers don't have that much of an impact on the market?
I would love a portal to that universe in which Vancouver housing prices are dropping.
There was a short drop due to uncertainty around the tax and the elections / new government, but it is over, and it was tiny compared to insane price increases that immediately preceded it.
I don't know why you keep saying things that aren't true and yet can be checked online in under a minute.
I've shown very clearly that a temp drop in prices does not support your narrative. And that the prices are now back to an all time high.
You can stop pretending that you opinion is based on facts now, not fooling anyone.