Yes, that's a reasonably accurate statement. One of the largest concerns about it is that there are pockets of the country that have been significantly and disproportionately impacted by this policy.
Economies vary, as you well know, from city to city, and rural region to rural region. If the intent was to take some of the heat out of the Toronto and Vancouver markets, we all understand why there were inflationary adjustments in pricing that were eye watering at times. When reducing the purchasing power of the people at the bottom end of the economic ladder, we have to be really cognizant of the societal outcome we create, and not focus entirely on just the financial outcome. If we're trying to build a country where we're supportive of our young and up-and-coming middle-class Canadians, we should be ensuring that the policies we create encourage ownership by them while potentially discouraging other forms of ownership.