Thank you for the question. I'm Babak Mahmoudi. I'm an adviser with the policy sector of the Canada Mortgage and Housing Corporation.
We regularly monitor the housing market and the broad impacts of the different policies. On this measure, we still do not have sufficient data. We need some time for the impacts to settle in the market. However, we can look at similar policies. For example, on the foreign buyers tax, we have some data from B.C. and Ontario. We have some estimates, and the existing research shows some impacts on the market. This is part of the medium-term package from the government that impacts the demand side of housing, which we think is an important force in the housing market.