Rates are now rising in the States but Poloz is keeping ours low in order to protect indebted Canadians from themselves, and in turn protect everyone else with a vested interest in real estate. Loans to buyers with less than 20% down payment are backstopped by the government. Why not protest that gross affront to the free market? Canada's foreign home buyer regulations are far less strict than the US, Australia, New Zealand, or any other "desirable" location. That isn't a free market, it's a lopsided market, and Canadian youth are the losers in this game while the Chinese laugh all the way to the bank.