Quote:
Originally Posted by Locke
Any tax or levy against the foreign investment is political suicide because the money would come pouring out of Vancouver and would be akin to taking a needle to the balloon.
This only works because its easy and suits the needs of the people doing it. As soon as this no longer holds true they'll leave to somewhere else that suits their needs and they'll leave the entire situation in ruins.
Thats the Government's job, to the set the rules of the game.
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There still seems to be some debate about the degree to which hot money is flowing into the Vancouver market. My inclination is to think it's a factor, but less than the conventional wisdom in the city would lead you to believe.