It is laughable that a country with as much land as Canada or Australia have housing issues.
Essentially it is the class that owns houses which restrict new supply under the guise of environmentalism or whatever they can find to enforce NIMBYism. The rents extracted from new immigrants are crazy high.
> It is laughable that a country with as much land as Canada or Australia have housing issues.
While true, I think it's important not to conflate "land" with "land people actually want to live in". Most land is cold and inhospitable. Perhaps people would have gladly moved to North Ontario in exchange for a parcel of land in the past, but nowadays everyone wants to be in Vancouver or the GTA.
Essentially it is the class that owns houses which restrict new supply under the guise of environmentalism or whatever they can find to enforce NIMBYism. The rents extracted from new immigrants are crazy high.