I don't listen to heresay. I've seen first hand the numbers of units sold in condo developments to friends and family and insiders. The real estate Cool Aid is full of FOMO. Its full of people thinking they got an early insider buy. Its full of people buying into an up and coming area. Even the tradesmen are getting paid by issuing condos rather than cheques. Sure to a common person without any idea of the actual numbers it seems like a lot of foreign buyers. And make no mistake there are lots of foreign purchases and corporate buyers, but nowhere near the numbers of local multiple unit purchasers. Not by a long shot.