I dunno, it kind of seems like I do. My city has the same land use issues, without the alleged xenophobia and we still target foreign wealth way more than domestic. Its just easier.
how?
That competition is driving the anxiety, and the anxiety is driving the reaction. Wealthy foreign buyers are the easiest target. Wealthy Asian businesspeople have been stashing their money in Canada for a long time, so it's not surprising they've been targeted for as long as you claim. It may be xenophobic, but inherent xenophobia isn't what is driving the behavior, it's a reaction to the class and land use issues, and it gets more intense as the divide grows more obvious.