I would like to thank the witnesses very much for their participation in this important study on housing starts. This is such a crucial issue. We need to see how it fits into the framework of federal programs.
Mr. Lyall, thank you very much for your expertise.
My first questions are for you, Isabelle Demers or David Goulet from APCHQ.
My first question will focus on the surge in costs, which you actually mentioned in a previous response, Ms. Demers. I would like to fully understand the surge in construction costs, given the interest rates, the labour shortage and the tariff crisis. What impact is this having on housing starts in Quebec?