"(There's) no question there's a knock-on effect given your tax situation relative to foreign buyers … frenetic is the best way to put it." The recent influx of foreign buyers has become a hot topic among residents as the impacts of that growth and change are felt. Foreign buyers tax 'difficult to implement'Talk of adapting Vancouver's foreign buyers tax has escalated right alongside the city's real estate prices. "Unless we start knocking off fairly large chunks of the constitution, it's going to be very difficult to implement a foreign buyers tax," said Gardner. But Valdez says the debate over whether Seattle will follow in Vancouver's footsteps and implement a foreign buyers tax is far from over.

Source: CBC News November 12, 2017 17:00 UTC