Thank you, Mr. Chair.
It's a pleasure to be joining this committee for the first time. Like Ms. Thompson, I just joined the committee—I just found out yesterday—so I'm quickly getting up to speed on matters, and we're already having a very interesting discussion today.
I want to pick up on part of the testimony from Mr. Rabidoux.
You mentioned a few of the demand side measures that you recommended the government take, and one of them was a registry for beneficial ownership. Of course, earlier this year, we passed legislation to have a beneficial ownership registry for companies that are incorporated under the Canada Business Corporations Act. It was set up in a way so that it could work very closely with provincial corporate registries, but what we're talking about here is real property, and in the province that I live in, in British Columbia, we brought in a beneficial ownership registry for real property as well.
I was hoping you might be able to expand a bit on how the federal government might be able to work closely with such registries where such matters are under provincial jurisdiction. How might that be able have an impact on the demand side and housing affordability as well?