I think that reflects a portion of the new units.
In the past two weeks, I've made two announcements in places where rental units were being built, and the builders told me two things. First, as you suggested, by removing the GST on the construction of rental units, we have created an economic incentive to build rental housing as opposed to condos, because we need more rental units. Second, the whole housing construction sector is facing economic challenges, including those that build rental housing exclusively. It's hard for them to obtain financing.
This measure will really encourage the construction of rental housing on two levels. Other measures include $20 billion in additional funding for the construction of rental housing, which was announced before the fall economic statement. Some people want to build housing units, but can't because of a lack of financing.
A third, very important, factor is that municipalities have to create opportunities to build housing. That is why our government is signing agreements directly with municipalities to support those opportunities.