Yes.
There's a lot of pressure on rents. I would agree that there probably is some effect. With higher interest rates, people are delaying buying a house and they need to rent for longer.
I think the bigger effect, though, is that we have had a tight rental market combined with a big surge in immigration. Many of those immigrants are entering the rental market. We've seen a big increase particularly in non-permanent residents. That is putting a lot of additional pressure on the rental market. Rent inflation is around 8%.