They actually discuss this all of the time who’s buying. I can only take it being repeated once per day.

https://betterdwelling.com/canada-goes-all-in-on-real-estate-with-excess-home-sales-hitting-6-of-gdp-bmo/

Indeed, those things will help, but we need to take it a step farther, the price of a house should never be allowed to never be more expensive than the cost of building it and its contents on the day it’s listed.
This would enable even the poorest to have a decent home.
It’s time to level the playing field. Where I live, in the utter remote outport NFLD, such is the case.
People live here because they can have a home, and call it their own, those large homes with no back yards on the mainland makes slaves of the poor. I know first hand ! It’s time to rethink and reevaluate our priorities, like really get back to living and spending time with family and friends instead of everybody in the household working just to keep a roof over the head. It’s pretty twisted if you ask me. Look at the birds and animals and learn something from them.

Obviously somebody is buying. But who? These news articles seem like click bait as this is never discussed. Who? How? The realtors have the data of these buyers and should make this available to the government. The banks that are lending at these extreme valuations have the data, why don’t they share this. The BoC and the CMHC who insure these mortgages have the data, why don t they share the info instead of voting themselves bonuses. Who and how and why need to be answered.

Canada is not some nation made up of unicorns and fairy dust. So how can everyone be living in million dollar osb glued boxes? Money doesn’t grow on trees eventhough the BoC seems to use their magic wand to produce this money. So unless our natural resources are being sold off before they even exit the ground, how can every house in this country be so expensive? Is it Justin-flation??