![Tax foreign investors who buy Vancouver real estate: CIBC economist](https://citywidemortgage.ca/wp-content/uploads/2016/06/Image-500x220.jpg)
The deputy chief economist at one of Canada’s largest banks is calling for the taxation of foreign real estate speculators, saying it’s the best way to cool down Vancouver’s red-hot market without causing a collapse.
CIBC’s Benjamin Tal cautioned against stopping foreign investment entirely, saying it’s only one of the drivers of high prices.