Governments from Vancouver to Sydney to Toronto have imposed taxes and restrictions to tamp down the real-estate bubbles caused by unrelenting overseas demand. They’ve found the money simply moves elsewhere, and often returns.
WSJ.com: What's News US, Wall Street Journal
Wed, 06/06/2018 - 7:32am
Governments from Vancouver to Sydney to Toronto have imposed taxes and restrictions to tamp down the real-estate bubbles caused by unrelenting overseas demand. They’ve found the money simply moves elsewhere, and often returns.