<i>Also, the real problem is foreign ownership.</i><p>What evidence is there that foreign ownership is a major problem?  I&#x27;ve heard plenty of anecdotes, but no actual data.  I do know that Vancouver real estate agents are milking the &quot;yellow peril&quot; for all it&#x27;s worth.  &quot;Buy now before China owns all of Vancouver!&quot;.<p>Suffice to say, Canadians are doing what American&#x27;s did in the early 2000&#x27;s.  They are going into a crazy amount of debt to buy housing, which is only pushing prices up even higher.  Some of the stats make Canada look even worse than the US did at it&#x27;s peak[1].<p>[1]<a href="http:&#x2F;&#x2F;2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com&#x2F;wp-content&#x2F;uploads&#x2F;2015&#x2F;05&#x2F;canada-housing-bubble.png" rel="nofollow">http:&#x2F;&#x2F;2oqz471sa19h3vbwa53m33yj.wpengine.netdna-cdn.com&#x2F;wp-c...</a>