@footy16, 

Sorry buddy, but when your doctors, nurses, teachers, plumbers, police, firefighters, etc. can't afford to live in Toronto, you will understand, but it'll be too late. When Canadian's are paying astronomical rental rates to foreign owners in our own cities that results in an average negative discretionary income (like in Vancouver), you will understand. When your kids can't afford to live in the same city as you (like Vancouver), you will understand. Housing is a place to live, not an investment vehicle. We need to restrict the massive amount of foreign investment that is only benefiting the real estate/construction industry and home owners in the short-term. Massive corruption! It's not only Vancouver now, but it's spreading throughout BC, now spreading through Toronto, which will soon spread through the rest of Ontario, which will then spread to other provinces. It's an issue that needs to be dealt with ASAP!