Cheap and easy credit from the Bank of Canada is more to blame for rising housing prices than foreign buyers, reports Better Dwelling (27 February 2018). That's the assessment made by Carrie Law, CEO of, China’s largest overseas real estate portal. Referred to by Better Dwelling as 'one of the most influential people in global real estate', Law believes that places like Vancouver will face downward pressure on real estate prices soon, seeing as Chinese demand for Vancouver real estate has been tapering even as prices continue soaring. “Vancouver’s housing boom was born in the halls of the Bank of Canada, where interest rates are set, rather than the streets of Beijing,” said Law. “When rates are low and credit flows, prices go up. It’s the first thing every university student learns about the housing market, and it has nothing to do with foreign buyers.”