text: Meh.  Just wait until GTA price catches up to metro Vancouver for this scenario:
  
  Working families can no longer afford to purchase a house, or a townhouse, or a condo large enough for their family. Then they become renters and push the vacancy rate to less than 1%, so now you get bidding wars and key money for anything decent.
  
  Meanwhile Federal policy of more overseas students, more refugees, more immigrants, more provincial sponsored overseas worker programs continues. The RE industry keeps lobbying to pave over your agricultural land (or green belt).
  
  Meanwhile surveys reveal that there are tens of thousands of sold and empty housing units due to the commodification of housing and it's attractiveness as a safety deposit box for offshore money. And then you learn that in 2016, despite all the thousands more newly built condos the population of the City of Vancouver actually decreased.
  
  GTA - you are welcome to it.