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The foreign buyers tax and the speculation tax had a demonstrable effect on the market here in Vancouver: https://twitter.com/ianjamesyoung70/status/13712123551708323...

Meanwhile, real estate prices are up for the whole country: https://www.cbc.ca/news/business/housing-bubble-small-towns-...

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Noticeable but not a panacea; with the way folks talked about it you'd think the _only_ cause of housing price increase was foreign speculation, when in fact it turned out to be an altogether minor factor.

Foreign ownership has been shown conclusively to be a major factor, if not the most important, in real estate pricing in Vancouver.

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