It is kind of interesting, there is really NOTHING new in the quoted news interviewees...

... that you couldn't have read right on these boards in past months and past years, including:

- the odd inverse relationship between incomes and housing; the higher the house price, the lower the declared income; the lower the house price, the higher the income. 

- the proximity to good schools being what mainly attracts the overseas money, wherever the schools are best, that is where the houses sell for two and three million dollars a pop, quickly, hundreds of thousands over asking.

- the avoidance of paying income tax to Ottawa and Victoria

- the overseas money being the fundamental mechanism

- the supply side being a useless angle for intervention