Certainly the cycle time to bring new properties or new developments to market varies widely across municipalities across the country, but it is not an insignificant period of time.
I recall a couple of years ago when Bombardier left the former Buttonville site and relocated to Pearson. They talked there about that creating the potential for several hundred new housing units but in the same breath discussed the fact that it would probably be five or six years before those housing units could, in fact, be brought to market, by the time all of the development processes had taken place.