Look, if I had a crystal ball, I would perhaps be better positioned to answer the question.
The answer is not identical for different communities. The housing markets, though interconnected, are local in nature. The impact in the housing market in rural Nova Scotia where I live may be different than it is in the GTA where you live.
When we build enough homes to meet demand and have a better vacancy rate than we have today, we will get to a point where if you lose your apartment for some reason, you will be able to find another one at the same price you were renting at before. When we build out the homes to meet demand in the buyer's market, you will, I expect, see a clear reflection of the cost of building a home in the price, rather than sellers maximizing what they can get because there's so much competition in the market. All of this is in a context impacted by factors outside the federal government's control as well, such as interest rate decisions the Bank of Canada makes independently.
My sense is we can continue to see progress over the next number of years. If you look at the rate of inflation impacting people, it has come down over the past couple of years. I expect, as we go forward—not just on a month-to-month basis but also on a year-to-year basis—things will progressively get better as we continue to see more homes being built over time.
I don't have a magic date on the calendar that I can circle when suddenly all things will be fixed, but my sense is that we can rapidly make progress and have things get progressively better, routinely, in the years ahead.