Because there's a lot of foreign investments in Canadian (and USA) real estate that lobby to protect their investments.
Also the pension system relies on mortgage backed securities which never really decoupled from 2008 and with that comes an incentive to keep home prices higher because their tied to peoples retirement accounts.
Owning a home shouldn't be an investment.
Also adding is interest rates. The low interest rate era of the 80s to 2020 contributed significantly to home price rices. You don't see much demand by investors today because of the high rates and cracks in real estate are starting to form.
Also the pension system relies on mortgage backed securities which never really decoupled from 2008 and with that comes an incentive to keep home prices higher because their tied to peoples retirement accounts.
Owning a home shouldn't be an investment.
Also adding is interest rates. The low interest rate era of the 80s to 2020 contributed significantly to home price rices. You don't see much demand by investors today because of the high rates and cracks in real estate are starting to form.