text: There is an endless supply of foreign buyers who have mortgaged their factories/companies to buy property in Toronto and Vancouver.  How these people filter their money and move it here is the big secret.  Normally I would say we are in a real estate bubble but not with this kind on infiltration that will continue forever .  In Switzerland they cap the number of foreign owners .  A 15% tax is not going to make a dent in holding prices down.