The social displacement in Vancouver is very obvious. The number of Caucasians living in most lowwer mainland communities is diminishing and the number of  Asian homeowners has grown to a point  where they are a majority in neighbourhoods throughout the area. The CMHC is simply not credible. Like many government agencies, they shy from the realities in order to stay within the bounds of political correctness. This fear of the possibility of being perceived  as racist causes them spin their explanation of the causes in a manner that is politically safe and in aid of self-preservation. It comes across to most people with first hand experience with evidence as being quite pathetic.