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This web page ben-armchair-economics.blogspot.com states the following, "High-level economic analysis, opinions and data visualizations." We saw that the webpage said " Sunday, 19 March 2017." It also said " The Impact of Vancouvers Foreign Buyers Tax. In July 2016, the Government of BC imposed a steep property transfer tax on foreign buyers of real estate in Greater Vancouver. With the Government of Ontario actively looking at implementing a foreign buyers tax. It worked, but locals held back too. Sales have tanked, but prices havent. More expensive areas and housing types have seen the largest declines in prices."