"Toronto's housing bubble: Despite complaints of a land shortage, thousands of sites sit shovel-ready".

This advertisement headline brought to you by vested interests, those who, for reasons either of a mercantile nature (desire to earn money through property sales or construction services or ad revenue from noted industries) or else of a sociopolitical nature (the desire that the public spotlight be kept away from high immigration rates and investor immigrants)...

...wish to proselytize with the loud propagandist message that INCREASING SUPPLY, SUPPLY, SUPPLY can somehow bring house prices back to affordability for local workers...

... though even real estate industrialists are occasionally letting it slip out in interviews, the fact you cannot get back to affordability using the supply side of the equation because the demand side is virtually limitless, magnitudes higher than any other time in Canadian history, the explanation for house prices hitting dozen of times local incomes.