"What does it mean for the health of the city if it is divided into land-rich homeowners and frustrated would-bes? What does it mean for young families who love this city but can’t break into the sky-high housing market?"

It means the dumb ones mortgage themselves to the hilt to keep up with the Rothschilds, and the smart ones realise there's more to Canada than Toronto and move somewhere better.  The brainstorm everybody seems to be missing is this: If you cannot afford to live in Toronto, then DON'T LIVE IN TORONTO.  

LET the rich flip their million-dollar crap shacks to each other and turn the downtown into a Fiddler's Green.  WHO CARES?  Last I checked, there's a bunch more Canada to Canada than Toronto.