"Demand fuels Toronto house prices, not lack of supply, study finds" " but the shortage is not fundamentally a supply problem but one driven by an imbalance caused by speculative demand in Toronto’s market, which is fuelling rampant price increases and a market bubble that will inevitably burst. : Globe and Mail March 13/17

"There’s only one way to fix the housing bubble"  “There isn’t going to be a housing bust.” That’s because there’s a big shortage of the kind of housing people want to buy. “It’s wholly a supply problem.”... : Globe and Mail March 27 /17

so, this article directly contradicts recent articles saying the opposite

so how about this as a simple test....a punishing speculation tax applied on top of a 100% ban on foreign ownership of property unconnected to residency criteria. 

It'll only take a short while to determine which position is more accurate in its view regarding what's actually going on...