With housing prices in Canada now it’s terrible to be young. As a landlord it is working great for me when I can get $2000 a month for an apartment in Hamilton.
Demand for housing in Canada has in part been driven by foreign non-residents real estate speculators who are looking to park their money in Canada, and other places. New Zealand banned all non-resident foreigners from buying property there [1,2].
I would assume that if a population remains stable as a result of migration, that as many people are leaving houses as entering them, and there shouldn't be substantial pressure on housing prices. I don't have specific data for this.
