April 13 | Wendy Stueck

“It’s a very targeted tax toward people who are buying property here, or who own property here, but who aren’t paying income tax here,” NDP MLA David Eby said on Thursday.

“The issue is one of fairness,” he added.

“If you’re buying property, and you’re benefiting from all the public services, and your property is going up in value, because of the good schools and hospitals and services here – that’s fundamentally unfair,” Mr. Eby said.

The influence of foreign money has long been a concern in the debate about how to rein in housing prices in Vancouver, where prices jumped by more than 40 per cent in a single year and where detached homes fetch well over $1-million.

Read more at The Globe and Mail