I think there's lots of cities that are providing "enough" housing inventory, and I'd put Vancouver and Toronto into that category. These cities have more housi

I think there's lots of cities that are providing "enough" housing inventory, and I'd put Vancouver and Toronto into that category. These cities have more housing starts than ever before. They are building aggressively. The problem is that of speculative investment driven demand that is detached from local realities. This sort of irrational demand is endless and cities can't possibly be expected to keep up. At this point this new housing supply is being partially left empty due to absentee owner/investors. It doesn't make sense. Cities need to keep adding supply, but higher levels of government also have to have a look at new tools to control demand, such as more stringent lending rules and unoccupied housing taxes. In Canada foreign capital is an issue that has fuelled the housing bubble, but lax lending requirements and low residential taxes have also contributed.