If green belts and density targets are triggering massive price increases, what is his explanation for the exact same phenomena going on major cities in New Zealand, Australia and Vancouver? Some of these cities have green belts some don't. There is a massive influx of off shore money, as others have noted, looking for a safe harbour. Watch this money track further east to Ottawa and Montreal, as things tighten in Toronto. Montreal prices have jumped 7.1% year over year, in March, a big jump from recent years. Ottawa is starting to see prices spike.  

We also accepting a record number of immigrants over 300,000 this year as well as close to 40,000 refugees last year. Guess where they settle. Overwhelmingly in half a dozen major cities.

So this report thinks we should pave over our best farmland and build on our watersheds to accommodate these developments? And then ask the rest of us to pay more municipal taxes to service these developments with roads and transit? No way.