GUTLESS POLITICIANS...do not want to make any changes because ...they all like the price increases as they all rake in more tax dollars....from property  taxes, capital gains and land transfer taxes.

MY PROPOSAL: they should increase the one year required to qualify for a principal residence tax exception... to 5 ( Five ) years. 

If you do not live for at least 5 years in your principal residence home and you sell it earlier... you pay capital gains. 

This is how to kill speculation.