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Massive increases in population competing for a finite amount of housing.
It only takes a small reduction in supply to set off increases in prices.
Also there is a limited amount of land in many large cities. People don’t want to live too far from work/school/shopping so they become more concentrated.
What really bothers me is the conversion of agricultural land to subdivisions. A lot of the Fraser Valley east of Vancouver and a lot of the Okanagan area has been consumed by urban sprawl. This means Canada will no longer be self sufficient for food supply.
davidual
I'm not sure that's the big demand increase.
Divorces / increase in population concentrated in cities / bad use of space / increase in price of land / selling space to developers for luxury apartments all play a role.
Perhaps inheritance tax should be 100 % but everyone gets a cut?