I don't know what happened to the speculation tax that was promoted by a team of economists and the NDP when they were in opposition, i.e. from David Eby, who we hear little from nowadays.  The problem is not with people coming in who live here and pay taxes here from wherever, and most of whom plan to work here.  Those people are having similar difficulties to Vancouver residents.  The problem is the path dependency of speculative investment that has developed over the past 20 years, with real estate developers, the former government, and various transnational 'shadow banking' operations, plus blind trusts, that facilitate Vancouver becoming a North American centre for money-laundering AND speculative real estate investment, including money-laundering from the drug trade. There are many 1 bedroom condos built and marketed overseas that are never lived in. More of these won't bring down prices.  A speculation tax would help, with no divisive side effects.