I'm sure Vancouver's generational  property owners would love to see their taxes increase and the value of their property fall. 
Like it or not, as long as the federal government allows the current rate of immigrant and capital inflow, generational Vancouverites - property owners and non-owners alike - will continue to be displaced. 
The competition for the city's limited land will continue to drive its value upward and Vision will find a host of new projects to spend the tax windfall that accompanies this increase. 
Ottawa has put Vancouver in the global market and the wealthy of the world are taking full advantage of it.