Discuss the impact of foreign buyers on the housing market and the difficulties faced by long-time residents in finding affordable housing.
Anecdotal evidence of this right in front of my eyes.
1) Neighbour across the street sold a dilapidated bungalow on 33ft lot to foreign buyer for $1.6m.
2) Neigbour beside me, close to 70 years old, lives in 4 bedroom house with wife. He tells me "I wat to sell, but where the hell am I going to go?  A shoe box condo, or spend my last decade in a crappy bungalow like that for $1.6m"?