The problem is votes and revenue.

The feds had an easy solution - enforce the rules as they exist. Tax flippers who hide behind principle residence exemptions, including foreigners who use their child students with no income to buy the properties. Tax those who fail to report because, as opposed to shares, there is no tax reporting required (although tax reporting would easily be possible with government run registry offices). Even compare mailing addresses on tax returns to see how often they change. They ignored these for a small principal residence sale declaration, which is weaker than the measures I described above.

As for Sousa and Tory, they need the land transfer tax revenue so anything that will not interfere with this this revenue, perhaps even another tax, is all they will do.

Too little, far too late.