We expect lower interest rates will bring people back into the housing market. We do think there are some people who have been waiting for rates to come down. Rates are one thing that will help, but we still need the push on the supply side, because that will, ultimately, be what sort of rebalances housing affordability in Canada. However, we do think rates are going to give some relief, particularly to new entrants.
On October 29th, 2024. See this statement in context.