Thank you for the question.
It was the Finance Minister who decided to impose this tax. This will have an impact, but I don't think it will necessarily be significant. If the property is owned by a foreign person or company, but that company or person rents the residence, we don't have a problem with that. We all know that any supply is good.
Of course, the type of housing has to meet the needs and fit the cities' plans, but an investment is not necessarily a negative. In fact, I would say that there are many more Canadian investors, that is, people who have acquired properties and are renting them, than there are foreign investors.