My family is in Real Estate, my dad is a professor of 30+ years who teaches Real Estate and Appraisal. I understand housing markets. I could write a mean novel, lol.
Now… Listen for a moment. If you’re American and telling me it’s the same - it isn’t. You don’t get it. Canada is off the charts.
Literally. I present these without further commentary.
@HistoPol@britt@drahardja AFAIU Canada has: a strong NIMBY lobby, zoning that actively discourages construction of affordable housing, has treated housing as an investment vehicle for 25+ years, removed most government agencies that build or support affordable housing, ignored foreign investment, and ignored money laundering.
Also, #Canada has brought in a tonne of people: students and foreign workers, giving us one of the fastest growing populations in the G7.