As a Canadian - south of the border terrifies me for what's coming next. Republicans have devolved into a NK style 'dear leader' group that is terrified of crossing Trump. 1930's Germany is here
They could at the very least not import 1M a people a year (many of whom come here to study at diploma mills that result in no real career skills and considerable debt) at a 38M population, and limit corporations and non-citizens from buying property.
It's on the provinces to get rid of zoning and speed up development of new housing starts, but the Feds are pouring gasoline onto a house on fire with no regard for the rest of us. We wouldn't have such a significantly declining birthrate if people could afford to have children of their own in Canada.
No chance this crushes the 'bubble'. Record immigration, developers have greatly reduced housing starts, and people will do anything to keep their mortgage as asset prices continue to rise.
There's no political will at any level (muni, provincial, federal) to build housing, remove zoning, to reduce immigration to reasonable levels, and it's starting to feel hopeless.
Average rent for a 1br in Vancouver is $2250 - an individual following the 30% rule needs to make 90K/year to justify that. The system is broken and we'll continue to hear platitudes from the government, and that goes for both the Libs and the Cons.
As with many western countries, there's a rising sentiment against immigration due to the lack of infrastructure provided to the existing citizenry. Housing in Canada is some of the least affordable in the world, our health care system is deeply underfunded, competition for spots at post secondary is rising as the institutions accept more international students as they're cash cows, and we're slowly seeing a rise in populism with the the Conservative Party electing Pierre Poilievre who is a Trump-lite figure who rails on about being for the working class while simultaneously voting against dental coverage for poor children [1].
It genuinely feels like the political class has abandoned its people and has sold out to special interest groups entirely. We import tons of TFW's (temporary foreign workers) to appease the corps to have cheap labour, and these TFW's are often treated terribly by the corps. As a first generation Canadian who is the child of refugees, I really do worry about the future of this country. I know tons of couples who are putting off having kids entirely because of the bleak economic picture in our major cities. We need immigration due to the low birthrate, but there's significant resentment from those who want kids and simply cannot afford them which is pushing down our numbers further.