Not sure I agree about ``not local demand`(i.e.: white, born-in-Canada demand, which is not necesarily the same thing, but I suspect it`s what you mean.)

Vancouver Sun, March 27: ``Last month, foreign nationals accounted for about $93 million in residential sales in the region, or a little more than three per cent of both the value and number of all transactions.` What`s that mean, exactly? Well, there were 2,425 transactions (Gr. Van. RE Assoc.) so...about 73 foreign buyer deals. Scary, eh?

I`ve posted that this quote in other responses, because it bears repeating, especially since nobody knows for sure how many ``Chinese multi-millionaires`` have allegedly destroyed the dreams of white `workers` in the Lower Mainland.  We do know how many millionaires came to Canada as immigrants last year: 8,000. That includes anybody whose net worth is a $1 or more.  (Heck, even I almost qualify!) That`s for the entire country. 

I just can`t get worked up about this evil off-shore stuff.