This makes home ownership more affordable. Anyone want to rent? Well, your market just got a lot smaller.
> Huge transaction fees and risks related to owning
When houses cost millions, yes this is true. But if we got house prices down to an actually affordable level, this would not be such a concern. If I decided today to move to winnipeg for a couple years, houses are so cheap (at least compared to what I'm used to) that I'd strongly consider just buying a house or a condo for the time I was there.