I agree that immigration at its optimal height might turn even developed countries to the wild west. This is why I actually blame the government of third world countries.
I think people needs to build what they actually want to enjoy and this is saddening that people are victims of the places they're from. Most people who enjoy the benefits of being from good countries wouldn't want to actually share what they have, for fear that it'll finish one day. This might just be what's happening in Canada like you talked about.
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I think it's an accumulation of different things, Immigration being one of them. But since Covid hit we seen an increase in the housing the market thanks to things like inflation. That along with an increase of foreign exchange students coming over here is making it very difficult to find housing.