I was talking to my mom today and she bought in the early 80s. She said back then nobody needed property. She was like "don't people need a place to live". She said you worried getting stuck with it, because it was hard to rent out. This was the suburbs of Toronto by the way. Boom Bust. Rentals dry up in housing booms.

Rising rents are a big part of what is fuelling Toronto. People can't just leave the city because you want to jerk rents up 100% against income so they match your inflated home prices. Dear landlords and speculators - your tenants want to buy your home. We don't want you in the market in the first place. Way too many house flippers. And they make the worst landlords. Imagine getting your kids in school, getting a job and then a year later landlord ups your rent 20%. It costs money to move out. Sorry the post-91 exemption is a failed policy with no additional new rentals on the market.