If the US keeps lowering their interest rates then Canada will have no choice but to lower theirs as well. Otherwise our dollar will be too strong which will kill our export economy.
So if rates drop again, which I suspect will happen, combined with the free money giveaway by Trudeau just before the election (coincidentally) for buying a house, demand for house prices should continue upward.
Re: I don’t have proof for why this has occurred, but I do have a theory…
Your theory is secondary the the real reason which is the "chase for yield".
Firstly the most overvalued U.S. stock market since the year 1873, 146 years ago.
Secondly investors know the monkey-hammer will come down on both gold and silver starting around May 2020 when Trump lies about everything and all the data comes out showing America is in the biggest boom since the roaring 1920's thus pushing gold back down to the $1,200 mark even U.S. by late September 2020. Like I said the chase for yield.