You're absolutely right, but what remains undefeated is supply and demand. Supply remains very, very low, and demand is a lot higher.
There are two reasons for it. One is financial. People have more money in their pockets in the last year because they're not spending as much on discretionary spending. There are low interest rates right now, and then there's the psychological aspect of people's spending more time at home and realizing that they need more. I just had a client yesterday close on a property. They had to move because they were working from home and needed more space, and they have kids at home. It is a big issue right now with the real estate prices increasing so much and very quickly.
What our organization believes in is that there are opportunities elsewhere across the province. There are small towns. There are big opportunities. In order to get there, we need to good infrastructure, including transportation, as well as quality Internet. Without that, people have limited choice. We believe that the dream of home ownership is still alive and well, and that's it.
There are just the other factors as well. With regard to the construction of new homes, a lot of builders have put their projects on pause in the last year, and that has limited supply. Our biggest challenge here is not enough supply in the market, and that's what we're constantly fighting. There are definitely a lot more buyers out there than there are homes available.