text: Housing and Canada makes me sick. Way to force people into giant mortgages to inflate the economy Poloz / Carney. Just paying more for the exact same asset as before. No extra value. Building costs have not risen. In fact there are millions of unemployed men who can be employed to build the ingredients that go into a home. It's simply land that has bubbled and that is because it hasn't had a recession to make it go back down. If we don't let demand fall for three or four years at least, than why is anyone going to discount their land to sell it? 66% of Canadian homes sales are in BC and Ontario - so Toronto and Van are not just 'two' cities. They are 2/3 of Canada's real estate market. Canada and Australia sell out their kids and they should sue the government for damages. It costs hundreds of thousands to emigrate to other countries or cities, which are thousands of kilometers apart in Canada. The federal and provincial government should be sued it will cost trillions.