Thank you very much.
Land transfer tax in Toronto is about $33,000 on a $1,000,000 property. That's double everywhere else in Ontario. Property taxes in Toronto are much lower, by any measure you look at, than in municipalities other than Toronto. The city is actually subsidizing low property tax rates with an astronomical land transfer tax. That hurts first-time purchasers. They have first-time buyer incentives, but it still brings it down only to about $25,000.
Ms. McIsaac, I want to give you an opportunity here, in a very quick period of time. Where do these people who are housing-insecure go if they are pushed out of a home?