
Let’s be very clear here: HOUSING IS THE RESPONSIBILITY OF THE PROVINCES.
As well, PROPERTY TAX (TAX ON LAND) IS THE RESPONSIBILITY OF PROVINCES.
So if by “this government” you mean the Carney Liberals you’re right in the sense they won’t do anything about this — but the reason for that is they can’t. That’s not their Constitutional role, and the levers they can pull in this regard are minimal (and mostly revolve around either mortgage insurance, regulating the financial sector, and dolling money out to Provinces).
If you’re upset about housing, you should be upset at your Provincial Government, not the Feds.
And nothing of value was lost.