Definitely. Since 2018, the City of Montreal has prevented or delayed the construction of about 24,000 housing units, and those are only the projects that made headlines. That is equivalent to the number of units typically built on the Island of Montreal in a single year. It's like we missed out on one of the five past years because of bureaucratic control over housing construction. It's measures like that that drive prices up.
On October 23rd, 2023. See this statement in context.