Financial capitalism is another factor. Investing in the housing to have financial products with high financial return. It's part of the speculation allowed in our neoliberal economy.

Add that the incomes are the same for decades and you end up with this. Housing or better having a decent place to live has to be a fundamental right.

I was one third of a baby and let me tell you, it wasn't easy

at the same time we've had the highest immigration numbers. Canada was always immigrant country. I don't see it as a negative thing in general. Lots of immigrants and their children are higher motivated individuals so it could be a good thing. One thing to watch out for is erosion of values in society. So just welcome newcomers and show them what does it mean to be Canadian 😃

I have long speculated that the reason why birthrate goes down in societies with a higher standard of living is because a higher standard of living effectively reduces the "carrying capacity" of the environment for humans. Which is not a bad thing, IMO, it's just the underlying explanatory reason for why we see this pattern. Access to family planning and such is just part of the mechanism this operates by.

A common pattern in population dynamics is the S-curve, where population initially grows in an exponential-like pattern and then flattens back out again as it approaches the environment's carrying capacity. I think we'll see that with the human population too, and we are in the unique position as a species of being able to somewhat control where that carrying capacity will be. In this specific case here, we could boost our capacity for population growth by making housing more affordable.