text: I don't have statistics about how much offshore money is coming into my Toronto neighbourhood but nobody else does either. What I can say is that in Willowdale I know of dozen upon dozens of examples personally. Here's a couple: An international student in my building complex owns a million dollar townhouse and a 265 thousand dollar car. She has no job, and according to current tax treaties does not have to pay income tax on 'her' funds coming into Canada. Another permament resident owns another million dollar townhouse and has no job here. Her husband is a non-resident so does not pay income tax here. Talk to any realtor or banker and they will tell this phenomena is dominating home sales in the area. What will happen to homes prices as more newly arrived residents come to place family members while not contributing to the income tax collection? Meanwhile average income earners (of all backgrounds) are increasingly excluded from the market while increasingly paying more income taxes.