The percentage of foreign buyers has almost nothing to do with the statistical weight of their effect on prices. Of course, low rates have an effect of the inflation of house prices but all thing being equal the worlds richest can and do invest in homes in Canada; it's a cap. gain exempt investment. My opinion is the foreign buyers have spurred on the hyper inflation of prices in the most desirable areas like Toronto and Vancouver. Canadian's tacitly allow it because home owners do love a price increase in their own homes....... We are for sale folks and one can't "suck and blow" at the same time.