The second part focuses on the structural rebalancing of the housing market. Declining immigration, social changes, including telecommuting, are cited. It also says that there could be an increase in the supply of condominiums and rental housing. There is talk of the end of eviction bans and its impact on the rental market. There is also a reminder that the pandemic has changed the dynamics of the housing market throughout the year, so there is a need to adapt.
On May 4th, 2021. See this statement in context.