Given how high rent is here in Toronto, this policy will further harm young people trying to live in their own units.  Buying  a place will be very hard, and renting will be very hard as the scarce supply gets even scarcer.   I don't understand how Rob Carrick thinks renting is such a good thing when many family sized units go for 2500 or more per month outside the core and even tiny condos downtown are 2k.  

Now if we make residency for a couple of years a requirement for buying a home, we will see prices go down.  The Toronto market could use a correction.