I think that in every article written about the rise in real estate prices ignores an important reason for the increased demand for housing and how it will lead a beneficial shift behavior. Demand for housing in cities has been driven partly by the out migration from rural communities and small towns across the country. Leaving economies struggling and a supply of cheap housing in these unfashionable places. The general affordability of these non urban communities might incentivize more young people to stay in small towns, where property ownership is attainable with much lower incomes, thanks to a cheaper cost of living in general. While the changing nature of work: the ease of working remotely; and short term contract, rather than full time jobs; allows people to participate in the economies of cities like Toronto without have to actually physically be any where near the city most of the time.