[captain_perl]

> And yet we're told by the MSM that foreign ownership is 5%

When non-residents own 5% of a market that typically only has 1-2% listed at any time, prices quadruple like in Vancouver.

[Finnucane]

Yes, precisely, a 'normal' market would have a 5-6% vacancy rate. If your vacancy rate is only 2% and 5% of the inventory is empty but not for sale or rent, that is a huge distortion.