Yup.
That's one of the downsides of multiculturalism - the multivulturalism of foreign real estate scammers.
  But like almost every other problematic change these last 50 years, we've had decades of warning. Since the 1970's patriots like Mel Hurtig warned against selling off hundreds of Canadian companies to foreign corporations. Unfortunately few Canadians wanted to risk being labelled "racist" or "behind the times" when mutliculturalism became all the rage and Canadians wanted to be "world class". Once greed became good in the 1980's, things spun out of control.
  But it isn't too late. We need to save our real estate and start housing Canadians adequately,  in houses and in apartments.