Hello JM288,

1. Guess what city nearly a third of a million of those new Canadians are living in for work?

Answer: Hong Kong.

So much for your theory that this is just another example of the same way new Canadians built Canada in the 1890s and 1950s.

2. Guess where the money is commonly coming from to pay two million dollars for a little Vancouver house? 

Answer, the money is coming from overseas cities where the breadwinners work, places such as Hong Kong and Beijing and Shanghai. 

So again, no, you are wrong, this is emphatically NOT like immigration in the 1890s and 1950s. In those days, the arrivals needed to work at LOCAL JOBS HERE at LOCAL WAGES HERE to buy food and housing, and so there was no massive skyrocketing of house prices. Their wages were the same as their working neighbours, and so there was no massive upwards pressure on house prices.

Canada was built on people who came here to work at jobs here, not on overseas multimillionaires with parachute families here.