Yes, we did see slow development, certainly, over the COVID period. It has been slow to come back, and that is predominantly being driven by high input costs. The cost of development.... Development charges can be up to 40% of a total project. Those are municipal issues. The cost of building is significant, so we are seeing more multi-use facilities, and we have a hotel capacity problem all across the country as we speak.
On May 18th, 2023. See this statement in context.