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The numbers don’t lie: The housing crisis is not caused by a supply shortage
(www.policyalternatives.ca)
this post was submitted on 06 Feb 2026
133 points (97.8% liked)
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That real home price chart shows a massive dip in house prices post 2022. A trend that's continued since.
What changed in 2023? Did Trump come into power and start trade war shit in 2023? No. Did housing supply suddenly skyrocket in 2023? No. Did banks/financial institutions have a sudden shift in policy in 2023? No.
What DID happen in 2023, is that the Federal Government put in the Immigration/foreign student caps to reduce the number of foreigners coming in to the country at a more sustainable level.
We need immigration, but the way the fed had handled it pre-2022, and given that it was the main variable that changed in that time period, and the result is clear on the charts that after that change prices started coming down aggressively....
*edit -- like here's a statista chart showing Canada's immigration from 2000-2025. Has a dip during covid, followed by a massive spike in immigration for 2021-2022. The price chart shows a similar dip and spike in that period. Then the immigration levels trail off post 2022, and the housing prices dip post 2022. Another spike up on both in 2015/2016, and a dip following in both.....