Real Estate Wars: A New Hope (Will This Band of "Rebels" Be Enough to beat the Dark Side?)

The fact that these three levels of government are actually acknowledging the real estate issue (pricing and liquidity) nevermind meeting face to face about it is incredible...and it only took about 20 years.  With exception of Morneau's and Tory's past business track records, this is more political baffoonery.  As mentioned in a past post, there are ways and means outside of foreign buyer taxes, more supply, first time home buyer incentives to address this issue.

As usual, a lot of promises, but the more important ones are the federally controlled issues.  Morneau has pledge access to information (in Justin's "fact-based" way of governing) and that the CRA would "dedicate resources to ensure compliance in the real estate sector", also indicating Capital Gains Tax is not on the table (when it should be, the Capital Gains Tax exemption is open to ANYONE who purchases and sells real estate in Canada.  If the different levels of government want to start cooling down the market, leave this cherished exemption only to Canadians!).  It appears that Morneau has  learned from Premier Christie Clark's split personality government, and "have agreed to refrain from introducing new measures for buyers which would impact housing price in the GTA by boosting demand".

No action or official comment until the upcoming Ontario Budget.  We wait and see on April 27th.

http://business.financialpost.com/personal-finance/mortgages-real-estate/little-doubt-foreign-buyers-are-pumping-up-victorias-housing-market-says-bmo-chief-economist

And in Victoria, BC...
http://business.financialpost.com/personal-finance/mortgages-real-estate/little-doubt-foreign-buyers-are-pumping-up-victorias-housing-market-says-bmo-chief-economist

I do not hear in the background, "Cue the music to Star Wars IV: A New Hope" (Luke, Han Solo and....Chewbacca?)