Thank you.
I have met with all the developers in my riding. I have also met with all the non-profits that are trying to build deeply affordable homes, so I come from knowledge, at least, from the people in my community.
Those developers that are looking to create projects were having trouble with inflation in terms of “pencilling it out”. I think Mayor Morgan talked about that.
We have introduced the removal of the GST on the construction of new apartment buildings. I have heard from a number of developers that this has helped them to get from red into the black.
Would you agree that this is what you're hearing? I will ask Mayor Morgan to respond and maybe Mr. Lee as well, very quickly.