There actually is data.<p>Ian Young, who writes the Hongkouver blog for the South China Morning Post, said this in a recent interview with Vancouver Magazine:<p>&gt; We’ve got peer-reviewed academic data from David Ley at UBC, who found what he called ‘an unusually decisive link’ between immigration and property prices in Vancouver, and this is going back over 25 years. We had Markus Moos and Andrejs Skaburskis who did another peer-reviewed piece of academic research that found that prices in Vancouver had become decoupled from local incomes by virtue of the fact that the home buying behavior of many recent immigrants was not tied to their local income. That cuts directly to the issue of foreign money.[1]<p>A quick google for those authors will turn up their studies.<p>1- <a href="http:&#x2F;&#x2F;vanmag.com&#x2F;city&#x2F;the-van-mag-qa-ian-young&#x2F;" rel="nofollow">http:&#x2F;&#x2F;vanmag.com&#x2F;city&#x2F;the-van-mag-qa-ian-young&#x2F;</a>