I work in Vancouver and have lots of coworkers who have recently bought homes. The more I look into it, the more I think the majority of this problem is related

I work in Vancouver and have lots of coworkers who have recently bought homes. The more I look into it, the more I think the majority of this problem is related to extremely low interest rates. As rates went down, real estate all over Canada shot up a huge amount. Now that rates are rising, it immediately cooled.