reasons:It would help if you explain why you think that's the case.
Immigration - Canada accepts around 300k immigrants and about 30% of them come to ON. around 250k temporary workers and students
Health care - In the US , people lose health insurance when they lose their job so they will be forced to sell their property. In Canada, you only need to worry about your income/health . you will not lose your home due to Hospitalization costs.
one city - Canada has only one true big city with diverse employment opportunities. Even that city can expand only two directions due to geographic/weather restrictions
Money - Money can be laundered very easily in Canada vs US and RE is the best place to park that money
Economy - RE is the only driver to the economy now. For ex: Federal govt borrowed 350B to address COVID related economic/health issues. They will do their best to keep RE moving upwards . RE supports almost 23 different tades/industies .
Cheap money - Mony printing will continue forever. We will never see historic mortgage rates ( 5-6%). Many corporations are also borrowing lot of money . If interest rates are raised , Chinese state run companies take over these indebted private entities. already happening in may countries around the world. Corporates run the govts so they will make sure rates will stay lower forever.
Banks - They now know that if anything worst happens to them tax payers will come to their rescue so they are fine to take extreme risks. detached home in GTA is approaching 800k . How these people are getting mortgages ? Banks are pumping money into B lenders, who intern giving loans to risky borrowers.
I feel sorry for the pole who needs to draw income every month . Given low GIC rate they also have to take risks( investing in stocs etc) to get the income required.
Govt don't need people who save and invest.