I think banning, or severely restricting, HELOCs is a better idea. Canada also doesn't have inheritance taxes or a wealth tax. The problem with taxing primary

I think banning, or severely restricting, HELOCs is a better idea. Canada also doesn't have inheritance taxes or a wealth tax. The problem with taxing primary residencies is that homeowners aren't usually selling their homes to exit the market, they're upgrading or downgrading.