Vacancy is pretty much zero across the major Canadian cities. We have the lowest housing per capita in the G7. There is objectively not enough housing in Canada and it’s absolutely delusional to say otherwise. Is this wishful thinking just a form of NIMBYism? Do you own a SFH and you want to “preserve the character” of your neighbourhood or something?
Where are you getting that building more homes will disproportionately help realtors and speculators? Even non-market housing, like co-ops and social housing? How in the world does that even work?? Why would speculators like that? I hate speculators, but your theory makes no sense whatsoever!
There is not a single urban economist, right or left, who agrees with you. With beliefs like this so widespread, it’s no wonder we don’t enact any policies to actually help with the housing crisis.