Immigration is a myth that real estate agents use to justify prices. Last year there were almost no immigrants and prices went up.

Consumer mortgage debt is directly correlated with housing prices in Canada. This plus constraints on permits for single family dwellings.

Drive around and have a look at some of the high end condo's at night - there are no lights on. Mostly dark.

The no capital gains and no inheritance tax loopholes in Canada will eventually be closed.

(https://www.worldometers.info/world-population/canada-popula...) percentage population growth 0.9% is very low based on historical standards.