One of the biggest problems with the Canadian housing market is that people move to “where it’s cheaper”[0] in massive quantities. Sometimes they can afford it,

One of the biggest problems with the Canadian housing market is that people move to “where it’s cheaper”[0] in massive quantities. Sometimes they can afford it, but a lot of times they are moving on credit. And then of course, if a big enough group of people moves to the same “affordable area”[0], supply drops below zero and there’s additional demand pressure caused by the people “at the back of the line” who are still chasing the idea and need housing. It even got to the point where people started snapping up anything that had the possibility of being a “house hack” house or a multi-unit rental property. [0] in many cases areas are only more affordable on paper. Less tax, more tax but lower food costs, cheaper rents, cheaper housing prices, etc. Not only do those change as the population and conditions change, but they are isolated parts of a local economy where many people still have a lower quality of life.