Thank you. I'll take this question.
I'll make one remark, first, on the nature of the tax. To be a tax, the primary purpose of an instrument has to be to raise revenues. That is the primary purpose of the unused housing tax. It's not the only purpose but it's the main thing. It has a secondary purpose of potentially encouraging people who are holding unused real estate assets to put them on the market.
In terms of the rate itself, I note that this was what the department was tasked with doing by the government. I understand it was an election commitment at some point. I forget which election, one of the last two. We were asked to design a tax with a rate of 1%, and that's the work we have done.