Prices may go up or they may go down but the bottom line is that as long as we have a policy of mass immigration in place, demand will outstrip supply and Canadians will be forced to use an ever higher percentage of their income to rent or buy housing.

Immigration accounts for 80+% of the demand for new additional housing units in Canada.   There is a net migration of Canadians out of our biggest cities.  Do the math.

A balanced level of immigration would be around 50,000 annually but the level has now reached 300,000+.   This benefits developers and cheap labour employers who in turn fund the Liberal and Conservative parties and a large chunk of the advertizing revenues of media corporations.

This is the circle of corruption that is behind housing inflation.

Cheers,
John Meyer