Median home prices could hit $800K in Montreal, $1.8M in Toronto, and $2.8M in Vancouver by 2032 if supply stays limited.
AI analysis shows housing supply, regulatory policies, construction costs, and demographics will shape future home prices.
Doubling completions or reducing approval delays could ease price growth in Toronto and Vancouver.
Labour shortages, rising costs, and long construction timelines remain major obstacles to increasing supply.
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