I wouldn't say "completely driven". The Quartz article even talks about low interest rates and too many first time buyers getting into the market. 15% of purcha

I wouldn't say "completely driven". The Quartz article even talks about low interest rates and too many first time buyers getting into the market. 15% of purchases were made by foreigners, 85% by Canadians. If you wanted to live on the west coast of Canada, Vancouver is about the only choice.