Mass immigration is the main reason for exorbitant housing prices in Canadian cities.

Mass immigration is the main reason for exorbitant housing prices in Canadian cities. Approximately 40 percent of immigrants to Canada end up settling in only 2 cities, Toronto and Vancouver, where the housing shortage is most acute.

But demand for housing is now overwhelming everywhere, including small towns and rural areas. Even if many more homes were built, supply cannot keep up with this exceptional, rapid growth in demand. It's economic 101