Removing the Greenbelt is the only solution to stabilize the home prices in Toronto. Just a small pause in Price increase is not a real price stabilizing. After a few months the Toronto home prices will again start to climb exponentially. The real reason is the lack of supply of buildable land due to the Green belt. Toronto (GTA) already is the densest Metropolitan Area in North America. But if you remove the Greenbelt area from the equation, Toronto is more than twice as dense as the next densest Metropolitan Area North America which is the New York Metropolitan Area.