Thank you again very much.
The reason I hesitate is that some of these policies on a national basis are very hard to combine into a policy that would fit from coast to coast to coast because our municipalities are so unique in each province and territory. As a result, sometimes I hesitate, because at these committee hearings I'm often wearing two hats: one of the national FCM position, and the other of what I would think of as a response from my own local situation in Halifax.
This issue has been on our radar. Certainly because of the conversations being had across the country, we are actually, through our mayor's leadership as well, looking at potentially dropping.... It's not carved in stone, but these are the things within the control of the municipal government. We're looking to at least revisiting whether or not we should charge the transfer tax. That would be a huge help to new homeowners. I know that's been advocated by several associations across the country. The problem with that, of course, is again the fiscal responsibility we have to our taxpayers. If we do that as a drop in revenue, it has to be substituted somewhere.
However, it is on our radar and we're looking at options.