Not anymore though. BoCanada's slashed interest rates and the dollar is very low. Chinese investors who want to hide their money in assets are influencing the bubble. Then the government says "look at us, we're making it illegal for them to invest too much. Thank us". My house, bought in 2007 for $500k is now worth $1.2million. Chinese investment is a part of it (more recently than before, due to the low dollar), but interest rates have also gone down by 4%+ since then