An earlier post talked about Vancouver and claimed (pretended) that the high house prices there, commonly two million dollars for a small house, are somehow merely just part of how "immigrants have always contributed to the increase in house prices" in Canada.

Wrong.

It has ONLY been in the past three decades that Canada has targeted, for immigration en masse, overseas millionaires, through investor immigrant programs.

And not surprisingly, it has ONLY been in the past three decades that houses began exceeding 10 times, then 20 times, and now dozens of times, the average annual local income in the noted Canadian region.

If you go back before the 1980s, when Canada's immigrant pool was more in line with taking in regular workers of regular wages and regular net worth (from Portugal, Greece, Hungary etc.), house prices remained affordable for working families in our cities.

This is NEW AND IS from importing so many millionaires recently. And it IS NOT racist to recognize that truth.