Toronto still has a ways to go to catch up to Vancouver in terms of housing prices. Keep it up, and Toronto can knock Vancouver off the top spot of most unaffordable city to purchase a home vis a vis income in North America, and sit in the top three world rankings like Vancouver does.

That is the goal, right? To be number one?

Why else  would a City, and a Country,  cede control of it's housing stock to money earned/sourced offshore, and then have working families try and compete with that money for homes to raise those families in.

Well, it must all be a  good thing, because the Feds have done nothing in the past to acknowledge (let alone change) the scenario in Vancouver, so I am sure nothing will be done for Toronto.