Again, there's a problem. There is no Canadian housing market per se. We're a series of regions.
I understand why governments went down this path. In 2017, you had rapidly accelerating housing prices in the greater Toronto-Hamilton area and in Vancouver in the Lower Mainland, so I get that. The problem is that areas like Calgary, London and Nova Scotia get side-swiped by measures that were meant for the Toronto and Vancouver markets. From our point of view at the Ontario Real Estate Association, the pendulum has swung too far. We need to move it back. We've laid some ideas on the table.
I would also recommend to the committee.... I mentioned Finance Minister Morneau's committee. Almost every federal budget, as well as the provincial ones, usually includes infrastructure funds. It would be great if the finance committee were to recommend that those infrastructure funds reward municipalities and provinces that are bringing new housing supply. The ultimate solution here is going to be around increasing housing supply and choice in the marketplace.