We certainly saw, in the early days and throughout the pandemic, a significant amount of first-time homebuyers purchase property outside the downtown cores or outside the urban centres, right across Canada. To use Toronto as an example, there was a fairly significant movement out to what I'll call “secondary markets”, such as Kingston and Peterborough and that whole range, where people felt far more comfortable. There was an exodus from the city.
As the pandemic has evolved and as Canadians have become more vaccinated and health conscious, we have seen a return, if you will, to the downtown urban cores across the country, due to lifestyle, due to a heightened level of safety as they became vaccinated and due to the overall entertainment and vibrancy component that exists in Canada's urban centres.
In the early days, we saw a significant amount of evolution outside of Toronto, which put a lot of pressure on inventory, because if you have a significant number of purchasers going to a small marketplace, the supply isn't ready to accommodate that, so it resulted in increased prices in some of our secondary markets in Ontario and elsewhere.