Yes, that's another one that I think is worth looking at.
Again, look, short-term rentals have been a part of the Canadian landscape in particular regions that tend to skew towards cottage and recreational properties. I don't fundamentally have an issue there.
I worry about the impact that it's having in some of the major metros, because the economics on short-term rentals are such that for many people you can make more renting short term than you can renting long term, so we have seen a flight out of that.
Now, I'm not against any bans that we've seen in cities. I think some of that makes sense. Part of the issue is that we have a broken landlord-tenant system—and I'm focusing specifically on Ontario right now—such that it is very difficult to get anything done both for protection of renters and for protection of landlords. We often miss that, because it's often so punitive towards landlords who try to get non-paying tenants out, as an example, that it encourages people to move into the short-term rental market.
There are multiple issues to look at within that dynamic.