Governments are powerless to step in and control the runaway trains in Vancouver and Toronto. If they alter policy for just two cities of
the entire country they'll be effecting the whole for the sake of the few.
It's interesting you say that. You've often stated that markets are local, which I 100% agree. You've also alluded to the fact that there are factors at play in the Vancouver market, and to a lesser degree in Toronto, that are not affecting other cities in the country. If the government, whichever level, targets one of these items, then one could assume that the rest of the country would not be affected. Therefore, altering specific policy would not have the broad impact that you imply. Yes...no?
I think they've just decided to let the ball roll
That is painfully obvious and which at least the provincial government has no problem admitting. Heaven forbid they do anything that would negatively affect RE values. After all, owners seem to have the same sense of entitlement that non owners are accused of having. That's my paper profit, don't touch it.
that article was written by a hater lol
It's all a matter of perspective, isn't it? Let the free market reign.