Moodys Analytics economist Adam Goldin agreed that the tax changed aimed at foreign buyers will likely have a minimal impact on the pace of price gains, though the expansion of the stress test should help.
Date: Oct 11, 2016
Source: Google
Here's why Vancouver's property tax on foreigners won't work
In a research note out Friday, economist Adam Goldin poked fun at the provincial governments new law, which took affect Aug. 2 and has led to reports of deal cancellations because of the additional property transfer tax of 15 per cent being charged to foreign buyers.