You see, during pandemic, asset prices in Canada went through roof in a very counterintuitive fashion. Real estate especially. Now that pandemic (I beg thee heavens!) is sort of kind of looking like coming under control, it is feared that same trend may correct itself OR the real estate may start slumping and finally come down. This annoys a lot of people. Especially old white folks who vote. So what do Canadian govt do? They bring in more immigrants to atleast look like they are doing something and support higher rents atleast (because rents pay mortgages). Hence, all the uptick in activity.