yes  and everyone forgets that when sell at that high price and go buy another home ,...you will pay an even higher price ...so  where is the profit ? remember there's only a profit taxed on stocks for example  when you sell the stock ...anyway any one who  thinks the Canadian economy will benefit from yet more taxes  is not thinking clearly .  Consider that the  main driver of economic  activity across Canada  is housing ...maybe because it is not taxed ??  ie  lower taxes  equals  higher economic activity equals  jobs  equals more   wealth  for ALL  Canadians