"several analysts who spoke with CTVNews.ca say one thing is clear: without substantial increases to Canada's housing supply, prices will only continue to rise far faster than the rate of inflation, leaving those who don't already own a home even further behind"

"while the measures announced to date may have some short-term impact on house prices, keeping the market from spiralling out of control again in the future will require a different way of thinking – and likely upsetting some apple carts in the process.

"In the long run, we're going to have to build more housing," Moffatt said.

"That's going to mean some difficult decisions around zoning, around urban growth boundaries, around social housing."