"And bursting bubbles would put more people on the street and empty more homes than you or any deflater could imagine."

That's why governments have to adopt a surgical approach, particularly focused on employing tools that address the affordability problems in the Vancouver and GTHA regions. These regions are economic engines for the entire country and the lack of affordable housing is driving out young people, budding entrepreneurs and the creative class, thus undermining the longer-term prosperity of these regions and the entire country. Doing nothing about the problem is irresponsible as well as no longer being a viable option.