Canada has created its own real estate problem in Canada's largest cities

Thanks to the lack of controls, oversight and basic information gathering of which any association has such a duty to those it serves, Canadians in the major cities are reeling from valuations that have resulted from Canada's own fault.  With no restrictions on foreign purchasers of real estate in Canada and the Federally administered  Immigrant Investor Program (although cancelled in its current form, it still survives in some provincial forms), Canada has invited and created its own real estate problem.  Although a scoping type study shedding some light on the details of such real estate purchasers  was done in Vancouver in late 2015, it was met with and twisted into anti-privacy and ethnic profiling arguments.  It is merely data collecting, and as a consumer of such products, should be available to the public at large to make informed decisions. Instead we are shovelled the same "too much demand (can't say from where) and not enough supply...so sell now!"

http://www.financialpost.com/m/wp/news/blog.html?b=business.financialpost.com/diane-francis/all-canadians-are-paying-the-price-for-conceal-estate-in-toronto-and-vancouver&pubdate=2016-02-29