As Mr. Perrault said, housing inflation is homegrown. Bloomberg reports that Canada has the second-most inflated housing market in the world. Vancouver is the second-most unaffordable and Toronto the fifth-most unaffordable market on planet earth, according to Demographia. Obviously, this is bizarre, because Canada is among the countries with the most abundant supply of land on planet earth, so it's strange that we would have such difficulty housing our people or that we would be experiencing such inordinate house price inflation.
Can you blame the inflation in land prices, Mr. Cross, on supply chain bottlenecks?