Canada's house prices fell ~14% from their 2022 peak as a record migration surge reversed and rates rose — not mainly the foreign-buyer ban. The planning lesson for Australians: protect the wealth held in property.

About 2.27 million Australians own a residential investment property. Around 70% own just one, yet multiple-property investors hold close to half of all investment housing — and that concentration sits at the margin that helps set prices.

Internal migration of 1% of a local population is linked to a 0.7–0.8% house-price rise — and far more in supply-constrained markets like Karratha and Byron Bay. The planning lesson: protect the wealth held in property.