The point is supply does not match demand. Immigration is unlikely to ever be low enough to counter the housing demand at this point - every single corporate/lobbying group in Canada is pushing for more immigration, and every single relevant political party is very clearly signaling that they will always bow to these demands.

And I agree that a lot of our economy and workforce is already dedicated to building housing - increasing this is not a realistic solution.

The only realistic way to improve the supply/demand is to disincentivize the investors from gobbling up the majority of our new housing supply.