Which is why the pressure is on to commodify housing and we are seeing alarmist headlines like on this article, "tax could endanger housing windfall"  If all else fails we can sell passports, student placements, 10 year residency visas, and housing.  

The Province and the Feds are well aware of the money that flows in from offshore.  Which is why nothing has been done about the loophole that allows offshore cash to be directed to a Canadian lawyer who conveniently does not have to declare this to Fintrac. Which is why the Feds will not step in and restrict offshore ownership. And which is why the Feds are turning a blind eye to 10 year visas being used as defacto residency.

And which is why student intake from China is being doubled to a quarter million a year.  And a half dozen new visa offices are being opened there. 

If the softwood lumber agreement collapses, if NAFTA does not go our way, if interest rates impact local working families...we can still sell our houses overseas.