BS - if we did not have high immigration increasing the demand for housing, and also things like the Green Belt that limits the supply of land, housing prices would be lower and construction might even exceed demand.

We have the federal government increasing immigration because of problems that might not occur for years, but in the meantime, housing prices go up because immigration increases the demand for housing, and unemployment goes up because we are adding workers faster than jobs are created, and wages are stagnant because we have a surplus of labour.