How will the 15% tax on foreign citizens' home purchases affect Victoria's real estate market?
![On The Island from CBC Radio British Columbia show](https://d3dthqtvwic6y7.cloudfront.net/podcast-covers/000/035/963/small/on-the-island-from-cbc-radio-british-columbia.jpg)
Summary: Victoria realtor Tony Joe says there's already evidence of sales collapsing because of the proposed new tax - but it will probably not affect affordability or drive large numbers of offshore investors to other locations such as Victoria.