The reason there is no capital gains tax on housing is that in general, until death or close to it, everyone needs somewhere to live. If you want more house for more children, or a job change, then you usually need all the money from your existing house to buy the next one. You would seriously kill the move up market for house buying and further squeeze the availability of starter homes.Let the "Fiberals" get involved in the housing market and it will get fixed just like our hydro electric system got fixed by them.