Real estate companies like Sothebys, which has offices in China that cater to demand for Canadian real estate  are now stating metro Vancouver's 15% tax is no .longer seen as a deterrent. If it ever was,  because  the  tax is easy to skirt using proxy buyers. Now that the BC Liberals have waived the tax for anyone holding a student visa - even if the course is only for 6 months - and anyone holding a work visa of any type - look to see that 3.6 price gain increase back to double digits.  

Yes, rich people with Canadian passports.  But why even wait for a passport. Rich people can live here - and buy houses - living here on their 10 year renewable visitors visas - almost a million of which have been issued to China alone.