text: Impose a progressive transfer tax based on how many homes the buyer owns. 50% if he already owns more than 3, 40% if he owns more than 2, and 30% if owns more than 1. 10% if he owns nothing. 
  
  The transfer tax is offset by any income tax the buyer pays in canada in the last 2 years. This would kill the bubble. But the chance of the politicians doing this is zero.