Thank you. We look forward to that.
You have a job to do. So does OSFI, and so do other bodies in the regulatory system. However, when decisions are made, it impacts other parts of the system. For example, we know the positive trade-offs with a decision like that, but there are also negative trade-offs with a decision like that, including not allowing demand to come down in certain circumstances or putting a price level under housing.
A lot of people are not in the housing market right now, especially young people, who are saying the system is completely rigged against them. There were low interest rates for over a decade. People kind of gorged on debt and supported the incredible supercharging of the real estate sector and investments in the real estate sector. Canada has, in terms of percentage of GDP, one of the highest amounts of GDP as investment in residential real estate, and and now, when the system should be correcting and prices could come down, the system is keeping prices a little higher. The real estate market has just recently, in a couple of months, gone back up in value in certain markets, because nobody is listing their house. There are lots of pressures on that system, and there are positive and negative trade-offs. We appreciate the bank's view on this and look forward to some of the future work you do.
In my last minute, I would like to switch to productivity, because it was brought up. We measure standard of living by GDP per capita, but that measure is quite poor in Canada. We're really just doing growth by volume. The pie is growing, but everybody's slice of the pie is remaining the same. One of the pressures on house prices and demand, as I think you note in the report, is about increasing, over the long term, supply potential with population growth. In the short term, does that not create challenges as a headwind for demand in general goods and services and for real estate?