That's a really important point in the private rental sector.
In many markets across Canada, it would be standard operating practice when major capital investments are made to pass that through to tenants. In some cases, that requires applying for special increases where provinces have rent control legislation, such as in Ontario. The provincial frameworks will usually grant those anytime the building owner makes an investment. It happens a lot that these costs can be passed down to tenants.
The best way for a federal funding program, for example, to mitigate that is to just make that an explicit condition of the funding. If you take this funding that we're offering for the retrofit, you can't be applying for extra increases in rent on the basis of this project. That does require carefully calibrating the amount of funding on offer so it's attractive enough for them to still participate.
We had some challenges. For example, CMHC's coinvestment fund had a retrofit stream, but we had very limited private sector participation while it was available. They did have strong affordability requirements there, not only to not increase rent but to actually reduce rent, make the building accessible and achieve the energy and carbon goals. It was theoretically really great, but the amount of funding on offer was just not sufficient; therefore, private rental landlords didn't participate.
Once we decide on the goals for a program, we really have to calibrate the level of funding to make it make sense for the business community.