Why have Canadian house prices increased so quickly this year? And what is a possible solution to slow down house prices to make homes more affordable? Make sure to use concepts some of the concepts below or other economic terms to address this situation and a possible solution.

1. Surplus/ shortage
2. Demand shift/ supply shift
3. elastic/ inelastic
4. price ceiling/price floor
5. taxes
6. willingness to pay
7. consumer surplus
8. demand curve/ supply curve
9. marginal buyer
10. producer surplus
11. willingness to sell
12. marginal seller
13. total surplus