After the federal budget was released I was somewhat curious if there would be a tax hike on capital gains and foreign real estate purchases.
Nope, then I read a headline in the G&M from TD Bank regarding the budget...."Business as Usual".
After all the articles, all the warnings all the complaining those two responses summarized all the rest.
Nothing will be done! By anyone!  Ever! 
There is way too much money being made by the highest in power and by the most generous of donors. 
The Toronto Real Estate "blip" is going to run its course.  If your not "in" your renting!
Sorry to disappoint anyone, but the truth is the truth, you resisting it won't change the greed that fuels it.
As an "up note".  I know of people that are planning to subdivide their house. 
The lower half for their retirement home, the upper half for one or two of their adult children. 
Sharing the costs could be a boon for some.
Good luck out there.