60% of Canadians are home owners, the majority of those being baby boomers. Their retirement relies on downsizing and living off their remaining capital. The demand for buying their overly priced detached homes will exist so long as we immigrate the qualified uber-wealthy. It is a ponzi-scheme, and I have observed that anti-immigration retorts were met with racism up until recent years where the remaining 40% of Canadians renters learned they will never be able to buy