Two Year Ban on Foreign Buyers

In an effort to calm soaring house prices, [url=https://www.azfamily.com/2022/04/18/canada-bans-foreign-home-buyers-two-years-cool-market/]Canada has banned foreign buyers for two years[/url].  Now, apparently [url=https://globalnews.ca/news/8721782/ontario-foreign-buyers-tax-unlikely-quell-market-experts/]foreign purchases account for only 3.4%[/url] of property buyers, so will this change make much difference?