[querulous]

this is 100% it. there's a ratcheting effect in owning housing in canada. that recent study about how 70% of homes in canada are being bought be investors is completely bogus. 70% of homes in canada are being bought by people who already own homes. often this is "investment" properties like rental units but a significant proportion of it is second ("vacation") properties and parents using their own equity to fund children's home purchases