Chris, eventually though renters will be affected if demand ratchets price up. This displaces more working families into rentals, which drives up rents.  Right now the vacancy rate for many metro Vancouver cities is under 1%.

I don't think there are many actual people here working on permits who can afford to buy  sf detached anyways, but they may compete in the condo and townhouse market. Which did not slow down in price escalation at all after the 15% tax was implemented.