[rhubarbtree]

> Then why doesn't the government put limits on the no. of houses/flats a canadian family can buy?

Well, mainly the answer to this in public discourse is the same reason people say "we just need to build more flats" --- because people believe in the magical powers of "markets", like there's some natural law that leaving things to the market will lead to desirable outcomes.

But the actual politics of it is that if you did this, then where are you going to get the boomers pensions from? And where is the economic "growth" going to come from? See my other comment.

We're all in a big ponzi scheme because we exported most of our real welath-generating activity.