This is one of many pieces of the puzzle. There are also terrible zoning laws preventing density in cities. Also, to be clear, immigration is essential to our country and we have a responsibility as a wealthy western to country to accept refugees. However, we have been increasing our immigration rates a ton and our new builds has been really low. Many of these new Canadians are sold a false promise.

Housing is a main factor to Canada's GDP which is scary, so the government is propping it up.