I think the insanely high housing prices are also largely due to the centralization of most new jobs centering around urban areas. People go where the jobs are,

I think the insanely high housing prices are also largely due to the centralization of most new jobs centering around urban areas. People go where the jobs are, which drives up demand for urban housing. That's how it is in much of the US, at least. I'm not sure if Canada is different.