not that simple. Trudeu is a jerk etc. But in this case the only reasonable measure that will minimize damage is to prevent further price growth. Maybe allowing growth at “under inflation” rates which could soften the blow to poor saps that are neck-deep in mortgages.
totally agree on most points (see my earlier reply in this thread). However dissuading “investment” into property (aka taxation on non-primary dwellings) and keeping returns below inflation will divert investors from the real estate market over time. They will HODL however if not presented with exit strategy. If they are allowed time to divest and exit - they will IMO