(Why yay, you ask? Because most people buy houses to live in, not to sell. When demand for houses inflates the value of small downtown fixer-uppers to double or a third again their real value, it's reflected in the taxes. Property taxes used to be assessed every year based on the house's market value. In a hot market, driven by (where have we heard these words before?) low rates and easy credit, that puts a real strain on low- and fixed-income people, precisely the sort who live in small downtown fixer-uppers.)
Current market value assessment was put in place by the thrice-damned Tory government, who had promised in the elections that they'd do no such thing. 'It's *real* value assessment, not market value assessment,' said Snake Harris, and Toronto has suffered ever since.
Of course, the every-year market-value review law gets changed just as the market crumbles. I'll have to wait a while to see a reflection on my tax bill, by which time the market will probably have recovered. But in the meantime- take *that*, jackals of the real estate industry. A la lanterne!
Oh- and in other news, the pre-school staff's daughter is not a Pratchett fan. She's a Discworld fan, and thus has not bought Nation in hardcover and both editions.
ETA: And the good news just keeps on coming.