"That (overseas money from China buying oil assets) has prompted comparisons to the spike in foreign investment that enveloped Vancouver’s real estate market, and pushed up housing prices to the point where the provincial government stepped in with tax measures....".

Wait, what?

Did I just read that in a Globe and Mail article?

"...the spike in foreign investment that enveloped Vancouver’s real estate market, and pushed up housing prices to the point where..."

Wow!

Why does the Globe and Mail bury sentences like that at the end of articles about, um, the Alberta oil industry, instead of having them lead, say, stand-alone pieces about what caused skyrocketing Vancouver house prices?

In any event, a correction is needed: Most overseas money flooding into Vancouver over the years came from new immigrants (rich folks buying into investor immigrant programs), not from "foreign" buyers.