Reading the first paragraph, I almost laughed when I reached "experts predict."

You don't NEED to be an expert to reach that conclusion (does that put me in with the folks Elizabeth Renzetti wrote about the other day in "...experts are the new pariahs"?  Hmm.)  Whoever and whatever they are (or THINK they are), they don't need much expertise to "predict" the outcome suggested in this paragraph.  

All they have to do is look at BC's Lower Mainland. Over six months, now, since the tax became law, and no "affordability" yet. Won't be, either, for all sorts of OTHER reasons many who bash "money-laundering Chinese" fail to acknowledge.    

The tax has had effects.  There are three that I can see: 1. Sales take a huge dive.  That has increased "scarcity" not diminished it.  2. Prices do come down a bit, but still above "affordability" limits (see "scarcity.") 3. Lots of additional revenue for government.  Not a subject for a "hot housing market" piece...but, gee...would Ont. govt. smile?