We did not push Harper enough to limit foreign ownership, and/or money pouring in via students, relatives, friends and agents.  We also didn't stop idiotic domestic lending, fueled by the CMHC covering the banks' butts.  So we had a housing bubble.  Then, compounding the error, we (well, not me!) elected Trudeau, who massively expanded the 10-year visa program, letting in uncontrolled flows of people and $$$, making the problem even worse, and not just in TO and Vcvr.   We have CHOSEN to do these dumb things, CHOSEN to tell younger Canadians they can forget owning an apartment, let alone a townhouse or home, in many places.   But it can still be fixed.  Scrap the 10-year visas, make it clear they are not a permanent entry document, scrap immigrant investor programs, tax or ban foreign buyers, make sure visa-holders while here don't get tax-funded services, and continue taking steps to limit domestic credit, and voila, it is fixed! The boomers need to put their kids before themselves!