Many comments point out that Clayton lacks credibility saying that he is in the back pocket of developers wanting to consume land for detached single family homes. The province made a policy decision in 2006 that reflects reality. Clayton tarnishes the reputation of Ryerson and academic research with his report.
Low mortgage interests are fuelling this housing boom. Increasing them will stop the cycle and create a correction that will hurt recent buyers. The Federal and Provincial Liberal governments are too deep in debt and growing it to let economics 101solve the problem.