Perhaps Mr. Tag would  prefer  implementing a foreign investors tax like BC did and that will bring prices down (burst the speculative bubble fed by the banks) so the new wave of purchasers will not have to charge that much for rent to cover their reduced costs. Of course Mr. Tag would then have to deal with the fact the banks have been handing out mortgages like candy and his river of profit will dwindle. Always remember banks only interest is to make profit $$ not look after young people struggling with ridiculous rent increases and an even more ridiculous housing bubble locking them out of even affording their own home, no matter how modest.