Been following the bubble news closely for years now.  Judging from comments, quite a marked difference in attitude between Ontario and B.C. in reaction to potential for some kind of real estate tax.

Here: lots of acknowledgement that factors other than foreign owners (read: Chinese).  Not so much in B.C., though.   I read here that Canadian-born non-Asian speculators just might be a factor in spiraling costs. I cannot remember reading that kind of comment over the last few years about the B.C. bubble. The relatively few who said, in effect, excuse me, but what about civic government regulations or geographical limitations (a big Vancouver factor) or ..?  get ignored or shouted down.

Ontario: Learn from B.C., where the tax has been law now for almost 8 months. Ask: Houses more affordable in  the Greater Vancouver market than a year ago?  Ask: how many foreign buyers today--up or down from August?  If down...why? Hint: it is not because of the tax.