Hello Mr. Yellin,

You pretend that overseas money is not behind high Vancouver house prices.

Well, let's review some facts:

1. In the past 3 decades, house prices in greater Vancouver skyrocketed to reach dozens of times the average annual local income. 

2. In the timespan of one generation, elementary schools went from less than 5% to over 75% students with facial features consistent with Chinese ancestry. 

3. Those schools were in places (west side Vancouver, Richmond, South Surrey) where houses are most expensive, about two million dollars each.

So impress us with your insight, Mr. Yellin. Explain to us how items 1 through 3, above, happened.

See, the reality is that they happened because Canada imported lots of rich folks from Hong Kong and Mainland China, who flooded the market with billions of dollars, skyrocketing prices. It is obvious and plain.

There is no other explanation. Local workers CANNOT get house prices to dozens of times the average annual pay.