The 4.7% of foreign buyers in Toronto, did not increase the house prices.  The domestic speculators, bankers, realtors are all in on this.  How does a bank give a mortgage at 13 times household income, when it should be 3 times household income.  the percentage of 25-30% of income for shelter, and then an additional 5-10% for debt, they are at 65% today, how is that the foreign  buyer?