Thanks, Mr. Chair. I appreciate that.
Now is not the time to be questioning the chair. It's the time to be questioning our witnesses. I would remind all members of that.
I'd like to thank our witnesses for being here today and for meeting with us to talk about this very important topic.
Ms. Bowers, I'd like to come back to you, if I may. What I heard you say in your opening testimony is that the primary cause of the increase in the price of housing is a lack of supply. Did I hear that correctly?