Housing is the largest cartel in Canada, Retail or Media doesnt work in money laundering.
Canadian housing stock is literally used to whitewash illegally earned cash internationally (but especially china), and they influence politicians and municipalities to put in place laws to stifle housing construction.
Canadian housing is used by international criminals as a store of value instead of gold or other stuff, it’s a very popular method of money laundering.
It’s insane, none of this is free market, like some folks are obnoxiously touting in this thread, this is not free market, not pro-competition, not market decided pricing.
Homes should be for living in, just like Cola is used as a consumable, not as gold/bitcoin to store value, it’s being made this way by Politicians stifling the market with insane regulations preventing homes from even being built.