Finance committee  It is a bit of a constraint to construction. It's slowing things down a little bit, but our concern in the longer term is that it's going to get worse with the shift from low-rise to high-rise housing. A lot of the trades have left the low-rise business. For certain trades—most r

Finance committee  No, I'm fine. Jason has answered.

Finance committee  That process of landholding amongst very few large developers is something that's been going on for 50 years in the GTA. On the land availability and the rate at which it is actually being brought to market, if there are any cases at all, there would be very few. For every develo

Finance committee  In terms of land use and planning, there is absolutely no argument from the building industry as to the direction we're taking on land use planning, which is much smaller homes, much better use of the land, more sustainable products being built, and things of that nature. Our p

Finance committee  The biggest cost increase has been land.

Finance committee  Yes.

Finance committee  The GTA is the recipient of a lot of immigrants. A lot of people are competing for the same piece of land, so the price has gone up exponentially in the last—

Finance committee  There isn't more land, in our case, because of provincial and local policy on land supply.

Finance committee  It has dramatically decreased.

Finance committee  The reason is that the provincial government decided to jump into the land planning process in a much bigger way, and by doing so basically stopped the normal series of events for about a decade.

Finance committee  Yes.

Finance committee  Maybe I can look at it a different way. Five years ago, for a product I'm delivering today, the land and the fees and everything else would have probably been $300,000 less than what I'm delivering today. If it was an $800,000 house, I could have delivered that house for $500,000

Finance committee  Yes.

Finance committee  That's not the highest one.

Finance committee  In the Brampton and the Caledon area now, we're looking at $85,000 to $90,000.