I sold a condo within the last 3 weeks and 50% of the people who viewed our property represented foreign buyers looking for investment purposes,  20% were locals looking for an investment property, 15%  foreign buyers looking to live in or for their children to live in, and 15% were local buyers looking for a home. Roughly 2/3 of the interest came from speculators. Obviously everything the government and CMHC propose is shot down by realtors and mortgage brokers, I wonder why? If you want to know how bad the market is, even the banks are now sounding the alarm bells. The banks have benefited from risk free lending thanks to CMHC. As soon as CMHC drops the "Risk Sharing" word they are saying RE is a bubble. They are saving face, when risk sharing takes effect they will underwrite less mortgages. They will say we said it was a bubble before the risk sharing took effect and are being prudent, it's BS. They knew it was a bubble the whole time, now that they stand to loose $ they wont lend.