Thank you, Chair. I want to thank the witnesses for their testimony.
I want to ask my questions to Mr. Brown. I think it's appropriate that we're having this discussion today, because it is National Tourism Week. This is very much a tourism-related issue, and Whistler is one of the flagship tourist destinations in Canada.
You described in your opening how we have these areas of Whistler that are zoned specifically for short-term tourist rentals, and the unit base was built up by seeking foreign direct investment, but they're actually restricted from becoming long-term rentals, because of the covenants that were put forward by the municipality.
I was hoping you might be able to expand on this. What is the volume of properties that will be impacted by this underused housing tax, which will be an annual tax on the value of the property?