..." You just have new players in the real estate market with loads of money and native Canadian can't compete."...

Exactly.

We also have a new way of doing real estate business.  

Here in metro Vancouver, entire condo projects are marketed overseas and sold in pre-sales.  Appetite for housing units as a commodity is so high in China that they have 60 million sold and empty homes. 

A quote from a recent G+M story from a RE agent states that "demand is unlimited" for Vancouver condos sold overseas. 

This commodification of housing is so entrenched here in metro Vancouver, that it is estimated that 47% of the condos in Richmond city centre are sold and empty, and about 25% of the new condos built at metro Vancouver rapid transit hubs are sold and empty.

New players, new money, and  a new view of what residential real estate should be.