Yes, but taxation won't do it, the market expectations will adjust overtime, with buyers incorporating any tax into their cost. Vancouver may have slowed their foreign-buyers' market down, but let's see in a year or so.is it time to cool this market down and keep home ownership accessible to Ontarians?
It has to be a supply issue. Unless housing starts/completions exceed population growth, prices will continue to rise. The greenbelt, along with the continued SFH zonings for new construction straggled the supply side, while nothing was (and arguable could be) done to control the demand side.so unless investors are letting the properties sit vacant this is just a supply/demand problem.