You can't draw a one-to-one, necessarily, but there's no question that the low interest rates.... Part of that increase in the money supply was because the Bank of Canada was buying government debt. It was keeping interest rates low. Keeping interest rates low is going to feed into the housing market.
You can't trace dollar bills going from one to the other, but there's no question that the accommodative fiscal and monetary stimulus was the largest part in the sharp run-up in housing values that we've seen over the last two years.