[WhipperSnapper]

Condos are becoming less and less affordable to end users and more and more are being listed as rental properties or allowed to sit empty. It doesn't really matter how many people are moving to the city if more and more can't afford to buy. That's why the market is considered bubbly. It's not sustainable nor do we really want it to be sustainable. Families in Canada shouldn't have to live in 500 square foot one bedrooms

There's definitely shady money involved in the financing of all the condo development. It doesn't take much digging either. These developers are literally borrowing billions to buy and develop property.

A large percentage of the job growth is directly or indirectly tied to the juggernaut real estate boom which explains why governments at all levels were downright supportive early on and hesitant to do anything once affordability started to get out of control.