I’m sure the supply side is constrained by various things that aren’t uncommon in other places. NIMBY zoning, terribly slow permitting, etc. But the demand side

I’m sure the supply side is constrained by various things that aren’t uncommon in other places. NIMBY zoning, terribly slow permitting, etc. But the demand side has been lit on fire by cheap money. It’s as if Canada is a country that pulls resources out of the ground, takes cash from foreigners, lends it out to boomers, and then buys houses. That’s all there is in the country now.