Yes. Thank you very much for giving us the opportunity to comment on that.
Our main concerns with all of the speculative housing measures have to do with how that is targeted.
We think that taking steps towards reducing the treatment of housing as an asset first and a home second are very welcome. We just don't think there's any reason to limit who is excluded from that activity to non-Canadians.
To us, we think it risks fostering xenophobic attitudes towards immigrants and other people who are perceived as being non-Canadians. Frankly, most of the speculative activity that is affecting housing prices is going to be coming from within Canada, so we think that all measures that are addressed at speculation should not be limited in that way.