All levels of government continue to ignore the fact that unreported/mostly untaxed foreign money is the real driver behind the sky-high increases in real estate.  As the article suggests, the number of non-Canadian investors wanting to get their cash “out of Dodge” (i.e., park or launder their capital here) is almost limitless.  Local speculators/flippers can feed off this unlimited, external demand.  A generation of Canadian citizens and landed immigrants who have to earn their money locally and can’t compete against this onslaught of foreign capital are being priced out of the market...