In fairness, when you look at the stuff that is being promoted as shelter in Toronto and Vancouver it would seem that the pickings are pretty slim for any type of accommodation.
The Four Plexes and Wartime 800 footers that used to be in plentiful supply, given our 15 to 20,000,000 population have now either been absorbed by our 40,000,000 population or demolished and replaced with high-rises and 2000 footers.
When the locals are struggling to find accommodation on Starbucks wages the developers are selling to the world's elite.
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The kids may be satisfied with an 800 footer. But why would the developer sell to a Starbucks employee when he can sell to a business owner?