What I want to clarify is that StatsCan captures the cost of living in a home in your consumer price index—of course it does—and, importantly, that includes not just the price of a house but also the cost of servicing the mortgage that goes with it. If you look at charts that show debt service in the household sector, you see that basically the household sector has maintained a pretty constant level of debt service, because the rise in house prices has been offset by falling interest rates, roughly speaking—not everywhere, but for the aggregate economy. For that reason, we don't see a lot of evidence of skyrocketing house prices showing up as part of consumer prices.
I know that in individual markets the prices have gone up tremendously. As I've said previously, that is a side-effect that is pretty hard to avoid when you're stimulating the economy like this, and it's the main area that's grown, so the best antidote to that is to increase the supply of houses. To me, that's the most important thing. Houses are in short supply.