Describe the current situation of the housing market in Canada, especially in the GTA and Vancouver area, and criticize the actions or inactions of some government entities and officials to address the issue.
What a mess. We have a fool at the helm of the Bank of Canada fueling this  asset bubble and  unwilling to raise rates for fear the whole house of cards will come tumbling down. We have  an Ontario government that is completely incompetent as well as corrupt that  has allowed this  problem to grow and fester.  The B.C. and federal governments have done nothing substantive to  help the situation.  I feel bad for anyone trying to buy a home in  the GTA or  in the Vancouver area. I really have no idea  how this will all play out but I fear it won't end well for some