Many Canadians didn't like the socialization of the risks taken by those who will no longer meet the stress tests. So pain for those risk takers, but they're not the masses who re-elect governments. If lots of condo projects don't get built b/c foreign buyers bail for another jurisdiction, the fall-out to watch for is the trades job losses. BC's economy is hinged on the business of building and selling housing, and we're the #1 provincial economy right now. How scary is that?
Pretty scary over-all, and especially scary since I work in residential/commercial construction.
Even though I might lose my job because of this real estate debacle, I'm still rooting for this change though. It's overdue.