Municipalities in Ontario, but also with the previous government in Ontario, made some pretty drastic manoeuvres to intensify growth within existing urban areas instead of allowing for responsible and sustainable growth to continue outside of existing urban areas. That has led to, in part, threats to existing neighbourhoods that are dealing with mid-rise and high-rise buildings in their backyards, which they are very adamantly opposed to. However, some of that mixed use is important.
That being said, we have taken such an extreme intensification approach to growth that the cost of a new home has dramatically increased. The demand, especially from new Canadians, is for a backyard and what Canada has to offer by way of a lifestyle change. Forcing them into towers has been difficult. As demand has skyrocketed relative to the little supply coming on, that new home inventory has dramatically changed in price.