This is window dressing: 1. Many foreign buyers buy through a child studying in Canada or numbered company. 2. Canada’s immigration (~400,000/year) far outpac

This is window dressing: 1. Many foreign buyers buy through a child studying in Canada or numbered company. 2. Canada’s immigration (~400,000/year) far outpaces housing completions (~200,000/year, of which only 50,000 are single family homes). Many of these are replacing existing housing stock, too.