Not sure what you point is, so have to guess.
You seem to be saying “that” is faster than immigration. By “that” I am assuming you mean price increases?
well strange things happen when demand outstrips supply. Were you expecting them to be exactly correlated?
Things also happen when residents of central Ontario who have lost good paying jobs, see none around. So they go to the GTA. It also happens when people in Alberta, head to Ontario when their economy tanked in 2011. I’ve mentioned interprovincial migration many times.
Things also happen, when land gets scarce, the cost of land goes up, and developers charge more.
Things also happen, when the cost of materials and labour likewise go up..
And for what it’s worth, your link leads to a statscan reakdown of demographics. Not the actual number of immigrants per year.
we want to look at the link I provided, and this one I guess. Clearly, prices did not rocket (demand>>>>>>>supply) prior to 2008-2011ish. So…..
Canada’s appeal as an immigration destination has been increasing over the past two decades, with a total of 464,265 people immigrating to the country in 2024.
www.statista.com