It's nice to hear that not every government is owned lock, stock and barrel by banking interests. After the last housing crash, the foreclosed homes were bought up by Wall Street firms. Many still sit empty while the housing crisis marches on. There are a lot of vested interests wanting to preserve current downtown condo price points including municipal tax authorities.

The political pressure of the housing crisis and falling generational living standards should force some overdue change or places like Gary will cease to exist. In Canada, we have the most land per person in the world and some of the most expensive real estate. Not everyone wants to live in small towns with 6 months of winter.