> Where have we seen anything close to 'build more'?
It's considerably easier to build in Canadian cities than most American cities. Not easy, but easier.
Over the past ten years Canadian cities have seen incredible growth, due to high immigration levels. Toronto is the fastest growing city in North America. Vancouver isn't far behind.
Yet Vancouver has seen flat housing prices over the last 10 years. [1] (Though flat at a very high level). Toronto housing prices are down 5% in the last 12 months.
East Gwillimbury, the fastest growing municipality in Canada, is within Toronto CMA. Perhaps that is what you were thinking of? But Toronto CMA is not a city, neither legally nor colloquially. Its mostly rural area. Growth in the City of Toronto is relatively slow.
It's considerably easier to build in Canadian cities than most American cities. Not easy, but easier.
Over the past ten years Canadian cities have seen incredible growth, due to high immigration levels. Toronto is the fastest growing city in North America. Vancouver isn't far behind.
Yet Vancouver has seen flat housing prices over the last 10 years. [1] (Though flat at a very high level). Toronto housing prices are down 5% in the last 12 months.
1: https://realestatecoalharbour.com/blog/vancouver-house-price...
2: https://www.nesto.ca/home-buying/toronto-housing-market-outl...