"What we don’t need is the withdrawal of much-needed housing from permanent residents who need it."
Perhaps if governments would stop intervening so much in the housing market people would invest in permanent rental housing.
Wynne, in her latest of a string of bad policies in an attempt to get re-elected, has just destroyed Toronto's rental market.  The data from CMHC show that in April and May there were zero rental housing starts.  Consequently, the temporary shortage of rental housing will be come permanent, rental condos will disappear and Airbnb will become far more attractive.
And I see that John Tory is joining the Bolshevik hoard by putting a tax on empty units on the assumption this will force people to rent out the units.  First, it won't work.  Second, exactly what gives Tory the right to tell people how they should control their own property?  
Everything Wynne or Tory touch results in another tax hike.  Both have to go.