text: Again, far too little, too late for the government to intervene now. Idiots - the damage is done. Most middle class workers have ALREADY been priced out of the TO and Vancouver markets and that's now spreading to surrounding communities. At this point, the only thing taxing more of the capital gains on the sale of a house will do is generate more revenue for the government to squander. We need a serious housing price correction to put an end to this wild speculation activity. Bring on the crash. RE in general has become ridiculously expensive with no justification vis-a-vis middle class incomes.