I honestly don't care if the average house hits 5 million dollars. What I care about is that the people buying these homes are paying the adequate amount of income taxes. If you are buying a 1 million dollar house, you better be earning at least 150K IN CANADA. We need immigrants who will work and contribute to our society. The fact that someone earning in the top tax bracket in Toronto can't afford the average house is asinine. 

Josh Gordon's property surtax idea is above and beyond way better than anything else that has been proposed. You want to eat up our housing stock and kick out workers? The last thing we want is rich foreigners buying up all of the homes and not paying income tax - who else is going to pay for baby boomer medical bills? Oh right, the millennials will still be paying all of the taxes from the comfort of their 550 sq ft rental apartments.