I'm not a housing expert, but based on the research that I've done and looking at the research that the C.D. Howe Institute provided in its publications in terms of housing costs, one major part is the development charges that contribute to the cost of land. Something I want to highlight is that there are significant variations from one region to another and also from one province to another. It's something that we need to take into consideration, as I also highlighted in my remarks.
In terms of the cost, there are several factors that could contribute to the housing costs. The cost of land in terms of development charges seems to be a significant one that passes to homebuyers, and also the cost of, for example, labour. However, in regard to labour, we don't see significant increases in terms of the wages when it comes to the construction industry and those workers. We experience significant job vacancies and people are talking about the labour shortages, but we don't see significant increases in terms of the wages, ensuring that there's a shortage there.