Yes, because all immigrants are extremely wealthy, all 400k of them every year. They’re definitely not mostly working-class people with limited funds to speculate on real estate.

What’s that? Recent immigrant families have a median wealth less than half-that of Canadian-born families? No that can’t be right that’s not what my realtor told me anyways……..

Well over a decade of industry propaganda and government/central bank backstopping will having people believing in some wild things. Anytime we look back through history we question as to how could people not see the obvious bubble and why would they position themselves to be fully exposed to it, this time is no different.

Now let’s just buy every home lenders will give us leverage for and wait, because there’s no speculation.