The editorial is about Toronto's bubble.  A number of BC reader weigh in--including me. 

Ontario readers: before you support a foreign-owner real estate tax, pls read BC comments here, to understand (1) confusion (2) continued scapegoating re: race (3) lack of many statistics and, just this week (3): new information re: the significant foreign buyer increase (Sept.-Dec) AFTER the tax was introduced  and true reason the air may now be leaking from the westcoast bubble: China has tightened capital regulations.  THIS, it has been strongly suggested, is the reason for:
--The diminishing number of foreign owner deals since New Year (when regs went into effect.)
--the rapidly diminishing foreign capital that helped juice BC's economy ( trickledown effect of this? don't know for sure...but I'm guessing I'm guessing it won't be nice.)

For the most recent stats (Sept-Feb), go to betterdwelling.ca: April 7 Vancouver’s Foreign Buyer Tax Didn’t Stop Real Estate Sales, China Did.