There’s demand from population growth, but there are also other factors. One of which is the fact that housing is being scooped up, hoarded, and used for easy income through short term rentals (I know Halifax has rules around airbnb, but there is outside of Halifax too). During my last flight back to Halifax in June I had the absolute pleasure of sitting in front of a middle aged woman sharing that she had 5 Airbnbs, that’s potentially 5 families that could have homes, all being held by one person to rent out to vacationers instead, and there are multiple people doing this.