Vancouver Imposes New Foreign Property Tax

The video discusses the impact of foreign capital, particularly from China, on Vancouver's housing market, highlighting a significant rise in real estate prices and concerns about a potential housing bubble. It explores the economic benefits and challenges of foreign investments, including affordability issues and the introduction of a 15% tax. The discussion extends to Toronto and other global cities, considering the potential spread of similar property control measures.

What concerns are raised regarding the potential housing bubble in Vancouver?

What are the implications of the new 15% tax on foreign purchases in Vancouver?