Okay. Thank you.
I'm going to turn to Mr. Routledge.
Mr. Routledge, over the last couple of years since this government was elected, the average price of a typical Canadian house has gone up from $434,000 to about $811,000. That's approximately 85% inflation over the six years this government has been in power. Last year, home inflation hit 25%. The Canadian Real Estate Association said this is the “biggest gain of all time”.
Can we talk about that? As you know from financial markets, what goes up must come down. Can you please tell us what you think has caused this rapid increase in housing prices and if it has anything to do with the gross amounts of federal money pumped into the financial system?