Australia has a population density of 3 per square kilometre (Canada has 4 per sq km) and we’ve got a very similar housing crisis happening now.

Rental vacancies at 1.1% and government now doing ‘tiny houses’ and making insane policies about future builds (my state wants to add 800k homes in 10 years off a base of 2.2M).

Our government is protecting the RE bubble because we haven’t had a recession for 40 years and millions will have their entire wealth evaporated if they lose the market. They’ve gone from printing money to printing visas to keep demand insanely high