Nothing in the article or the comments about the foreign buyers who have driven the market from "crazy expensive" to "insane, why would even a rich foreign buyer pay that??" Nothing at all!  Almost every house coming up in my area is going to buyers from China - perhaps some are legal immigrants, but I suspect many are simply 10-year visa holders.  Nobody knows how many such people are buying, having babies, etc.  Nobody knows how many of them have applied to become PRs.  The government of JT does not want to say, since he is in the back pocket of that dictatorship.  We need to cancel the visa program, ASAP, and go back to obeying our own laws.  Take real immigrants, not "visitors," from around the world, not just one or two places.  Use the perfectly good points system for skills, including English or French.   Severely limit foreign buyers, continue cutting back on mortgage insurance, and let rates go further up.  Prices will fall, a lot, back to where they belong.  Good for Canada.