Age demographics in Canada have the five year span of 20-24 at around 2.4 million and 25-29 around 2.6 million. It's safe to say that this is the time that people branch out from their parents abode. To err on the side of caution, lets say that they immediately triple up in the household of 2.9 people. So, broken down to yearly migration from a family home for two groups of 5 year age demos, that's about 200+K per year.
So taking the 200K or so with the 300K we are starting to look at a tight crunch for housing starts to keep up, considering that the rest of the 33 million people in Canada have moves of their own up and down the housing scale.
We don't have much control over people aging, but both investors and immigration are under our control and there is no reason that there can't be restrictions on immigration based on housing starts (or something similar) and investors on citizenship and PR status. Most countries already do something similar.
Saw a beautiful house advertised in South Carolina online today. 5000 square feet, Victorian architecture, under 300K.
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