What we mean by a structural supply problem is that demand has run well ahead of the supply of housing and continues to. As the governor said earlier, that's a problem that has been around for at least a decade. I think it was exacerbated through the COVID crisis when we were all spending more time in our houses and wanting more house or to relocate, so we saw a really extreme run-up in prices.
On October 30th, 2023. See this statement in context.