Meanwhile the commodification of housing continues, where tens of thousands of homes are left sold and empty because owners, a large percentage of whom are offshore, cannot be bothered to even rent them.

China has over 60 million empty and sold homes.  Ask your MP, MLA, or city politician about our tens of thousands of empty homes, and if they think tens of thousands more - or a million - is acceptable here, and you will get crickets from almost all of them.

Ask them how the "build more supply" strategy is working, if the supply is sold to investors to be left empty or underutilized, or even sold out in pre-sales overseas.  Crickets.

A better managed supply of housing will only work with  better managed control on who can purchase, and corresponding taxation. 

What are you hearing from your politician?

Let's guess..."We don't want to do anything to affect the value...."