Palma, someone correct me if I'm wrong but I thought new rules require banks to report all transactions over $10,000 regardless of nature. Chinese individuals easily skirt the $50,000 rule by giving multiple family members, employees etc.money, having them all transfer the money to Canada and having the money recombined into a single Canadian account. Canadian banks can't knowingly do so by law but they still do. Large mortgages are also secured for overseas clients in such arrangements. Foreign investors matter however the majority of buyers are clearly local Canadians. To an extent I think foreign money is a boogeyman. One of the primary problems in my opinion is CMHC. This may sound radical but I think CMHC should be wound down and disbanded. Mortgage insurance creates the perverse effect where people with capital and good credit are becoming penalized because the incentive for the banks is to lend to people who need mortgage insurance (basically people who can't afford a house, and yes that include people with high salaries with low down payments because high salary jobs are NOT low risk) because the lender risk is offloaded from the bank to the Canadian tax payer. Low interest rates and CMHC are the real elephant in the room, not Chinese buyers. Irony thy name is CMHC.