Excellent article Mr. Gordon.  Well thought out.  To the point.  Hit the issue right on the nail.  The politicians in Ottawa seem to be out of touch on this one.  Go to an open house on the weekend in GTA to get in touch with reality.  Raising interest rates is not targeting the right segment of the market....because foreign investors are paying with CASH!  Has any noticed how our weaker loonie has actually made it 35% cheaper to buy a home in Canada over the last 3 years for someone who is coming from a country where their currency is tied to US Dollar?  The poor sap working and paying taxes in Canada certainly hasn't seen a 35% increase in his or her wage?  Mr. Gordan makes a good point on taxes.  If you are not paying Canadian income taxes, you should be paying significantly higher property taxes for the services our taxes provide.  The one time tax for foreign investors, while a move in the right direction, does not go far enough.  The young people of our country deserve better.