Finance committee  Thank you very much, Ms. Bowers. It will be a complex study to carry out. We hope to release the report later this year in June. The study covers a specific time period. We're trying to determine what the supply will be from now until 2030. You have to forecast if you want to understand the rising demand that comes with population growth, income growth and so on.

Finance committee  I guess you're asking about how interest rates and house prices work in the consumer house price index with ownership shelter costs. It gives a very different answer than when you just look at current house prices, because what the CPI is trying to do is measure the impact on the average Canadian homeowner of increases in interest rates and changing house prices, and not everyone is buying a home today at current rates.

Finance committee  Sure. Thank you, Romy. We've seen an increase in house prices during the pandemic, which has led to an increase in the amount that people have to borrow to buy homes. This has been offset by decreasing interest rates or mortgage rates. When you look at mortgage payments as a share of income, they cycle around a bit, but what we have seen is that the trend overall has been flat over that period.