text: Thank you Gary. I have been  a real estate agent for over 18 years in Toronto and I have never seen anything like this. I am worried for my buyer clients as prices are rising so fast that they are getting priced out of the market almost before they start searching. Most agents know foreign investment in residential homes is creating a big problem for Toronto and surrounding areas and  are not happy about it at all. We are worried. Yes, our sellers are making good money when they do sell, but it is very difficult for existing home owners to move up to that next home. The data that is being reported on foreign buyers is flawed as it depends on the agents who deal with foreign buyers self reporting and that will not happen. The Vancouver 15% tax has just moved the problem to Toronto.