In my opinion, the main driver is the financialization of the real estate market. Since Canada is largely deindustrialized, banks and hedge funds started investing into real estate market, and it spread down to the residential housing market.
On top of that, 40% of Canadian MPs are landlords or invested in real estate, and 80% of Canada’s federal party leaders are invested In real estate. So, there's a huge conflict of interest from people driving policy.
In my opinion, the main driver is the financialization of the real estate market. Since Canada is largely deindustrialized, banks and hedge funds started investing into real estate market, and it spread down to the residential housing market.
On top of that, 40% of Canadian MPs are landlords or invested in real estate, and 80% of Canada’s federal party leaders are invested In real estate. So, there's a huge conflict of interest from people driving policy.