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by Carlito Pablo on April 20th, 2021 at 9:38 AM 1 of 1 2 of 1 Five years ago, Burnaby resident Raymond Wong launched a parliamentary petition against foreign buyers of Canadian real estate, particularly in Greater Vancouver. That was on April 8, 2016, a time when foreigners were being blamed for high prices of homes. Not long after, the government of then B.C. Liberal premier Christy Clark around summer that year announced a foreign buyer tax in Metro Vancouver. In 2017, after John Horgan and his B.C. NDP assumed power, the tax was increased and its coverage expanded to other regions in the province. Foreign purchases decreased over the following years, and when the COVID-19 pandemic hit and closed immigration and travel, these dropped to almost zero.

New brunswickBritish columbiaChristy clarkJohn horganPaul beaudryRaymond wongKennedy stewartGreater moncton chamberFredericton chamberAsk the bankSaint john region chamberReal estate boardGreater vancouverFraser valley real estate boardHousing actionLocal taxpayers