Housing inflation is homegrown in Canada. Bloomberg reports that Canada has the second-most inflated housing bubble in the world. The average family must spend two-thirds of their gross income in places like Toronto and Vancouver, which rank as the fifth and second on planet earth.
I'd like to say again—and thank you to Mr. Perrault for also chiming in—that this ballooning housing in Canada is homegrown and caused by the Trudeau government.