Thank you for the question.
I would say that this is something that our private sector economists, whom we rely on for surveys that inform the forecast for the department, have flagged in the past. Devoting this much capital to residential investment—and certainly, as you said, this has been noted in the United States as well—could potentially be drawing capital away from more productive uses. I think this is in line with the efforts that the government is currently making to effect a rebalancing of the housing market, where you have excessive price increases over the past decade or more that have resulted in this distortion in markets.
As we start to see—