I think you'll probably see increased pressure on the rental market. People who aren't able to own their home anymore may find themselves renting, and that would put pressure on the rental market and may make it more difficult for people to move out of rental into housing. In places like Calgary, we know we need at least 15,000 units of rental housing in order to make some progress. We've seen this movie before in Calgary. We've seen the impacts of housing prices and challenges in the economy for sure.
On June 8th, 2020. See this statement in context.