I am shocked at the myopic journalism regarding this topic - what a NIMBY proposition the Globe has been spilling ink over with blinders on to what is happening in the world. Stick a scribe on a plane to Melbourne or Sydney, or London for some perspective (or just read the articles in The Age this issue) Melbourne has had a foreign buyers tax for a few years now, and it has not proven to be even a speed bump. Plenty of supply you say? Show me the last detached housing development that has been built in the old city of Toronto - it does not exist! There will only be fewer homes in the city boundaries, not more - as developers buy some up, plow them in the ground, and build condos. You need to define your terms when exploring this complex topic - condos are not houses, houses are not apartments, etc. Most of Europe lives in apartments - eventually that will be true here.
The solution lies with business - build your offices in the hinterland so employees can live in affordable houses!