So let me get this straight.

The official government message and the official real estate industry message and the media editorial message is that overseas money is NOT the cause or driver of skyrocketing Toronto house prices...

... oh, and also, the official government message and the official real estate industry message and the media editorial message is that the sudden drop in house prices in Toronto is the result of the recent new government policy aimed directly against overseas money that would OTHERWISE be buying Toronto houses en masse and driving up prices there.

Apparently quite a few Canadian institutions are fond of embracing concepts that are mutually exclusive and logically incompatible...