Certainly at least a minor impact. Trudeau also instituted a foreign buyers tax and vacant home tax that slowed down foreign buying (which was primarily from China).

They dolts are between a rock and a hard place. Tank the real estate market and piss off the boomers who have all their wealth tied in it. Keep the real estate market inflated and piss off millenials and gen z who can never afford a home. Classic case of fuck around with fiat and centralized control and find out.