That's precisely it, Mr. Chair.
It's an issue that has a particular timeline and it started approximately 10 to 15 years ago. My existing research talks about how it has accelerated. It's fundamentally not only about foreign money, but how foreign capital has mixed in with local lending practices. The issue isn't only about foreigners per se, but about foreign capital and how capital from around the world is landing in Canada for safety. In that type of safety, it's distorting property values.