For both Toronto and Vancouver, it does not help the situation that so many houses do not contain a local worker with a job in the region.

For many of those houses owned in Toronto and Vancouver, the breadwinner is sitting overseas at a job there, be it in Shanghai or Hong Kong or Moscow or Beijing.

And so the billions of dollars that flood in to Canadian real estate from overseas, it is dysfunctional and damaging to Canada for two main reasons.

It skyrockets house prices to dozens of times the average annual local income, pricing out locally employed workers.

And it makes it so that Canadians who actually DO WORK at local jobs, they have to commute for hours and hours to get to their jobs, going past house after house that contains no local worker, house after house where the breadwinner works overseas.

It is a dysfunctional system that damages the families of workers inside Canada. It is bizarre that our politicians and media ignore this central and causative matter.