As expected, the Chinese have spoken up on the 15% tax imposed on foreigners purchasing real estate in Vancouver: Chinese Envoy Challenges Vancouver Home Tax as Fallout Spreads. Here ar the Consul General’s comments:
“Why a 15 percent tax? Why now? Why this rate? What’s the purpose? Will it work?” Liu Fei, China’s consul general in Vancouver, said in an interview Thursday. “The issue is how to help young people afford housing,” she added. “I’m not sure even a 50 percent tax would solve the problem.”
There are a couple of points worth mentioning here. What Canada does internally is really none of her business. As a sovereign country, we can do as we wish. But what’s more laughable is the fact that the Chinese government is one of the world’s worst offenders when it comes to impeding foreign investment. Just do a search on the topic and you’ll see a lot of information popping up. It’s the pot calling the kettle black. When China has its own house in order, then they can comment on what others do. As a country that ignores human rights, is a world class polluter and has militaristic tendencies, perhaps they might have other things to do before they are in a position to lecture anyone else.