Thank you very much, Mr. Chair. I, too, would like to thank all of our witnesses for being here today.
I think it's been well established that Canada needs more housing supply. We've heard here today and we've heard at other times in front of this committee that something has been happening on the demand side of the equation. Mr. Butler was talking about short-term rentals as a relatively recent phenomenon and the impact on the housing market. We've heard that homes are being used, in some cases, as a way to store cash. We've seen long-term investors get into the market, and they want to raise rents in order to get the most return on investment over the life of the asset. We've also heard that during the pandemic people wanted more space. They thought they were maybe going to be stuck in their homes forever—it certainly felt that way sometimes—and so they wanted bigger yards. There was a lot of movement in the real estate market.
I'll start with Ms. Fair, because she's with us virtually. You also talked about some of these phenomena. Do you want to add anything to that list of new demand pressures, or different demand pressures on the Canadian housing market?