> What's the reason there? The same. Canada's population grew by 3% last year but housing supply remains inelastic. Small developers have difficulty getting lo

> What's the reason there? The same. Canada's population grew by 3% last year but housing supply remains inelastic. Small developers have difficulty getting loans, zoning, NIMBYs sue projects, etc. > I think these are more plausible than just zoning and cars. It may be more complex than "just" zoning, but it's certainly more-so zoning than the conceit that people want larger houses. People want houses period.