Appalling lack of leadership by our politicians ( both provincial and federal).  They sit on their hands while our younger citizens and families are shut out of the market or are forced to mortgage their souls.  There has been years of ample proof  of rampant speculation not only in Vancouver but throughout the developed world ( largely induced by Asian capital outflows - the local speculators and the real estate industry are no doubt piling on).  I suppose this tax is better later than never, but I suspect most politicians would rather throw mostly young Canadians under the bus than rock the boat and do what should have been done years ago.