In my region of the country, Atlantic Canada, we've seen post-COVID housing prices driven up by out-migration from Toronto and other large centres. They took advantage of the equity in their homes and purchased less expensive homes in rural regions. Maybe they wanted to live in a less dense population and COVID made them make that decision. I don't know what their decision-making process was.
What we do know in Atlantic Canada now is that we are seeing rentals coming down. We're seeing the price of homes at least stabilizing and not escalating anymore. If you talk to real estate companies, their sales have slowed down considerably. With the right type of building going forward, we should see home ownership for young Canadians become more affordable.
Would you agree with that? Can you speak to that?