Here are three statements:

Reality-based person: "Victoria prices are high due to overseas money massively flooding into the Greater Vancouver region, with obvious spillover effect spreading outwards like dominos".

CMHC spokesperson: "It is racist to consider the idea of overseas money playing a role here, or at least I am petrified of being accused of being racist, so instead let me tell you about red alerts and tougher insurance rules".

BC Liberal Party spokesperson: "The fifteen percent tax on foreign purchases we introduced for Vancouver has massively slashed house prices all over BC so that average working families can afford houses in the province's big cities, at a price of about five times the average annual income, wait, what, prices did not really drop, oh, never mind".

Justin Trudeau: "We need to bring in a great many more multi-millionaires from overseas to Vancouver, I taught drama classes in a high school there, so I am an expert on what is good for Vancouver."