Sorry if this has been posted before. I just came across it on reddit. I know there has been a lot of talk of foreigners purchasing real estate in Vancouver and pushing prices to unaffordable levels, but I'm not sure I realized it was quite as bad as it is. Also did not realize that over 100,000 Chinese millionaires have moved to Vancouver as part of the Immigration Investor Program. Article posted below says the average taxes paid by these millionaires was only $1,400/year (i.e. they're not moving here, they're just hiding their money here, typically via real estate).
http://www.torontosun.com/2016/04/20...n-millionaires
Long video, but worth the watch.