If the status quo continues, you're right. But this, among other proposals that David Eby has included in his housing policy are a big step in the right direction, even though they don't go far enough IMO.

But the biggest impediment here are the city councils that decide the zoning. The current system is made to restrict supply to artificially inflate the price of houses to benefit investors and existing homeowners. The only way to change this is to make sure you vote in the upcoming municipal elections for candidates that support making housing affordable.