Perhaps it's a glimpse into New Zealand's future. From the Guardian:
"Driving the rise is an unprecedented flood of foreign capital, mainly from China [to Canada]. 'What you have is a huge pool of very wealthy people who want to hedge against uncertainty back home,' says Thomas Davidoff, a real estate economist at the University of British Columbia (UBC). 'Combine anxious money – a lot of it – with a beautiful gateway city that has limited space to build, low property taxes, lax regulation on capital flows, and wealth-friendly immigration programmes, and you get a market like this one,' – a market where an ordinary house with a waterfront view can sell for $15m while people earning local wages struggle to buy or rent a home.
In spite of spiking inequality, policymakers have been slow to acknowledge the problem of foreign capital. Public debate about Vancouver’s affordability crisis has, until recently, been surprisingly circumspect – due in no small part to a very Canadian discomfort with talking about race."
https://www.theguardian.com/cities/2016/jul/07/vancouver-chinese-city-racism-meets-real-estate-british-columbia