Madam Speaker, I am going to circle back to the hon. member's comments about housing and the housing market.
We have heard a lot of discussion, particularly from my Conservative colleagues, but also from elsewhere in committee, on the role that government expenditure may play in the housing market. Prior to the pandemic and prior to quantitative easing, we also saw astronomical increases in housing prices over a long period, including when the hon. member was around the cabinet table.
We know that private capital is also playing a significant role. There is a significant domestic investor presence in the Canadian market that is eating more and more of the housing stock, and after outbidding Canadians on their dream home or what they were hoping might be their starter home, they then rent it back to them at extraordinary high prices.
I wonder if the member might want to take some time, perhaps for the first time, to talk about the role of private capital and domestic investors in the housing market, and the affect they are having on prices in the housing market.