Thank you, Mr. Chair.
Thank you to the witnesses.
I want to ask Mr. Santos, who's in Waterloo, a question.
I'm just down the road, Mr. Santos, in London.
As you might know, we have seen a very dramatic increase in the average cost of homes here since 2015. I've told this committee before that, on average, in the past five and a half years since that time, in this city here, there has been a 150% increase in the cost of homes. I think the same phenomenon has been experienced in your community roughly and in southern Ontario in general terms.
What is the position of your organization on what is driving that, and what does this mean for middle-income families? When we think about the middle class, home ownership is part and parcel of the conception of what a strong middle-class family can expect or should be able to expect; however, increasingly, I'm finding that middle-income families are being priced out of the market.