Mr. Chair, there are obviously a lot of costs involved in housing. In B.C., in the greater Vancouver area, for example, land is a critical cost as well. It makes up to 80% of the cost of a housing unit. As we encourage supply and reduce red tape, it will certainly, first of all, increase supply and eventually reduce prices.
I would say there's a dichotomy there, where certain cities in the B.C. area have a lot of development charges and so forth because they do not want to raise property taxes of existing homeowners. They needed to find a different source of revenue. Unfortunately, they've decided to tax new supply more than other areas of the country.