Comment by neom

https://static1.squarespace.com/static/5df7c3de2e4d3d3fce16c...

"Analysis of land title records by TI Canada found that nearly half of the 100 most valuable residential properties in Greater Vancouver are held through structures that hide their beneficial owners. Nearly one-third of the properties are owned through shell companies, while at least 11 percent have a nominee listed on title. The use of nominees appears to be on the rise; more than a quarter of the high end homes bought in the last five years are owned by students or homemakers with no clear source of income. Trusts are also common ownership structures for luxury properties; titles for six of the 100 properties disclose that they are held through trusts, but the actual number may be much higher as there is no need to register a trust’s existence."

This is exactly why the Prohibition on the Purchase of Residential Property by Non-Canadians Act and considerably stricter source of income requirements went into effect this year. The reality is nobody really knows, people have a hunch one way, numbers show another, context another again. It's difficult to say.