@Jack Reacher: any politician who wants to be re-elected - at any level or of any party - wants to be the one who speaks truth on this issue and works against hyper-inflated valuations that are benefiting a big segment of the voting bloc. 

Better to say nothing and nod thoughtfully when this topic comes up than to actively address it. 

I know for a fact that multiple mayors in the Lower Mainland are very aware of how damaging this whole situation is long-term and agree that the market is very unfairly manipulated to benefit developers and long-standing owners. But they will never speak out publicly in such frank terms because it puts them on the wrong side of their biggest donors and a key voting bloc. 

And the beat goes on...