Not the Chinese Racist Randy you snarky little cupcake. The WORLD. Toronto is currently a city that is open for business to the WORLD. It's one of the things that makes it a unique and ultra desirable place.  If you discourage the WORLD from investing in Toronto you're left with a backwater town of aging boring white people. Who wants that? No fun at all. 

Maybe you have trouble with the concept of trickle down economics but the person who buys a property ends up indirectly paying your kid's teacher's salary. Do you really want your kid's education to suffer due to your misplaced envy of successful non Canadians looking to park some cash and boost the local economy?

Take a deep breath Racist Randy.