I wonder how many new immigrants who were perfectly settled in their own countries will participate in the Canadian real estate market insanity.Its Japan all over again. Everyone and their mother NEEDs to live in Tokyo or Osaka. House prices are SKY high. Home ownership is desired to have kids. By the time a couple buys a home, there are fertility or stress related issues = no kids = not enough people to take the burden of old.
Fortunately for Canada, they can import people... for now that is.