Yeah, it has become a massive knock-on problem where I am. The Maritimes -- the bits of Canada that jut out into the Atlantic -- have historically been poor, and consequently property was fairly cheap. But because corporate/speculative purchases caused the property market in major cities elsewhere in the country to spike, and because it's scenic here, people started selling their homes in Toronto/Vancouver and moving en masse to the region (particularly once COVID demonstrated that an awful lot of jobs can be done remotely). Rent has skyrocketed, homes have doubled in value in a decade and there are now people who are making good money that are living out of their cars because even with 250% increases in rent, the vacancy rate is still basically nil. My coworker makes, inflation-adjusted, about 70% more than I did at the same age...I shared a two bedroom flat in the city (and for a while, paid the totality because my roommate was on the run from the law), and she and her partner currently live in a yurt on her mother's property, because they can't even afford a one bedroom in a small town.
