Who is paying more taxes?

According to a study of Statistics Canada data by CMHC, the share of the province’s homes owned purely by overseas residents was found to increase dramatically among newer properties, rising to a peak of nearly nine per cent built in the frenzied 2016/2017 market.

CMHC also found that the median value of homes owned by non-residents in Metro Vancouver and across B.C. was higher than the median value of homes owned by Canadian residents. The non-resident-owned median assessment value of a single-family house in British Columbia was $236,000, or 36.7 per cent, higher than the median-valued resident-owned detached house in B.C.

Source: https://www.westerninvestor.com/news/opinion/weekly-buzz-foreign-home-ownership-price-drops-1.23664980