They can launder their dirty money somewhere else for all I care. 

I own my own home here in Vancouver but the neighborhood has changed for the worse. Sure I'm house rich but any resident young family will suffer debt peonage for the rest of their lives if they buy into this market. I care about that so I voted Green as they promised a 30% tax on offshore purchases of local housing. 

Fifty years ago kids playing outside our windows and we knew our neighbors. Now homes are flipped as commodities and community is defined on the internet.  Pay $10,000 to the city after illegally removing a tree - value of your hse sale goes up $30,000 in China.

Just behind me they're proposing 3 new towers - 25, 25 and 26 stories. They weaved a "Ma and Pa" fairy tale - "the old folks bought their homes 50 years ago and want to downsize so aren't we wonderful!". However,  the pre sale condo market is getting flipped on assigned contracts offshore - illegal here and the 15% non residen tax does not apply