Vancouver has imposed a 15% tax on foreign property buyers. This is to try and cool the rapidly rising house price as locals are gradually being forced out of town. I'm not sure if this will help long term, but sounds like it's a step in the right direction. Most big cities are suffering from rampant house price inflation, which has always puzzled me, until I realised that the buyers are generally only buying as an investment, not to buy a home which is where my mindset is.
It brings it home (ha ha!) to me that we usually view events based on our own experiences like this one, thereby often missing the real reasons. It also reminds me of the 'things are not quite what they seem' that was drummed into me on a management course once. Fat lot of good that did!
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