The banks are only looking out for their own wanted profits, the more highly priced the houses the better, it is more money to them, so they want it easy for laypersons to get mortgages in order to fuel house prices upwards.

And the real estate agents also are only looking out for their own wanted profits when they welcome massive sums of overseas money, that also pushes prices higher , to their liking.

And together, both of the above are WHY the government needs to block overseas money from pouring in to real estate here. If you want houses to be affordable for families working locally, if you want to do that, IF you want to do that, you have to tackle BOTH of the above, not just one.

There WERE times Canada did this. Like in 1951, and 1952, 53, 54, 55, through to 1965, 66, 67, 68, through to 1974, 75, 76, on through to 1982, 83, 84...

... the WHAM KABAMB, in came radical new investor immigrant policies and new bank mortgage policies, and the result is Vancouver, Richmond, etc.