Honestly, just raise interest rates and this housing mess will sort itself out. Landlords do not need to be treated well by any means. They've treated their tenants like crap for years. Before this housing boom landlords use to be mostly good and in it long-term with reasonable expectations. Today your landlord could be an American or a realtor and ready to toss it up on the market every year. Get rid of these landlords. Who cares what happens to supply. Lower supply - stop lying to people that Toronto is a good place to live. It's horrible if you don't own a home. Stay out of this place - trust me if you are looking around the world, this is not the place to be.