As a result of damning allegations such as this,
And overwhelming public complaints like these,
Plus, online casual rental facilitators like Airbnb/Trip Advisor who are accused as part of the rental housing shortage problems …
The government gotta take some drastic actions very quickly, lest they get wiped out in the coming election,
It does look like the government is serious about correcting the (socially sensitive) housing problems. They even asked banks to conduct “Housing Crash Drills” …
What can we make up of the ongoing phenomenon? A market correction is in the making?
They have done that many times before, the only difference is the previous “shows” were … milder. And all we know is the market continued to fly after a short stint of the “mild correction” – So mild like it never even happen before.
Long live Canadian Real Estate … Hail the “real” Lord!