Please spare us the theatrics Mason.  There is no crisis in Toronto.  There is a strong housing market though.  Cheap housing is not a Constitutional right.  Nor is a single family home on a 50 feet lot.  Sorry.  There are a growing plethora of options in the apartment/condo market for everyone though.  Like in New York.  And London.  And Paris.  And Hong Kong.  And Singapore.  And Toyko.  And You know, other global cities like Toronto is quickly becoming.  Are there foreign investors in Toronto?  Duh.  There have been foreign investors in Toronto since the Second World War.  And that's very positive for the city.

And if housing costs and rents exceed the budgets of the workforce well then employers either lift wages or employees vanish.  Thus far Toronto has seen an influx of new residents and jobs, not the reverse.

So quit whining from your rainy left coast commune and let Ontario enjoy its housing boom and let the gigantic housing industry keep the national economy from tanking.