Okay. I appreciate that.
Ms. Bowers, I've heard from countless provincial stakeholders and private developers about the CMHC. This is the voice of the developer; it's not so much from me. It's not a direct criticism, but I need to explain to you what developers tell me so that you can answer it. They say that the CMHC process is long and complex. It frustrates developers. The time it takes to get projects under way is really dragged out, which impacts the cost.
As we know, right now alone, we have over 85% inflation in just six years. Last year home inflation hit 25%. Bloomberg reports that Canada has the second-most-inflated housing bubble in the world. If private developers believe CMHC is actually jeopardizing projects, at the very least delaying them, so that the developers have to start all over again and sometimes re-establish financing again, can you explain to me where that type of irritation is setting in for the private developers? Could you just speak to that?