Finally a three-level governmental meeting.  Proposed agenda:

1. Confirm background situation, market participants and property supply and demand drivers.
2. Confirm critical supply driver: foreign buyers and speculators buying up multiple condos/townhomes/detached homes and leaving vacant or renting out at increasing rates.
3.  Confirm critical demand drivers: foreign buyers seeking a safe capital haven and buying with cash; real estate speculators taking advantage of increasing sale prices and low interest rates;  low tax rates or no tax paid on capital gains; and domestic buyers trying to compete for limited number of properties on market.
4. Develop action plan for increased federal and provincial income/capital tax (non-principal residence), foreign buyers/non-resident tax (provincial levy) and vacant/unmaintained property tax (municipal levy).

Problem solved - condos, townhomes, semis and detached homes revert to what they should be - principal residences, first and foremost!