"No, it's Kiwis that will ultimately pay the price, as it's Kiwis that are getting screwed by unaffordable housing" ? If you take away foreign investment in h

"No, it's Kiwis that will ultimately pay the price, as it's Kiwis that are getting screwed by unaffordable housing" ? If you take away foreign investment in homes, then housing prices will be affordable. The only way housing is not affordable otherwise is if there is 'bubble like activity' - like the Silicon Valley - and even then, this has a lot to do with foreign money flowing in, just as LP's and investors and not as home owners. Point blank. Toronto and Vancouver have massive foreign investment and have unaffordable homes. Montreal - with similar economic conditions - has a little less immigration, and no foundation for Asian buyers - and guess what? It's super affordable. Everywhere you see a lot of international speculation - you see affordability problems. Ban foreign ownership of property unless it's commercial. There's absolutely no reason to be speculating with our homes. FYI - this creates a serious problem: Toronto and Vancouver are Ponzi schemes - construction is a big part of the economy. If the zillions of homes stopped getting built, it would mean a 'reality based economy' that Canadians can't deal with - because we don't export valuable things and we are addicted to an ever-increasing number of warm bodies.