I'd like to thank the witnesses for being here today. I'm very happy about that.
Given my professional background, I find it very interesting to be able to question the witnesses. I worked in banks for 20 years, so I'm familiar with the issues of the GST and purchasing a first home. When I started my career, my job was to look at mortgages, so I know what young families can go through in that kind of situation.
I've rarely seen such a direct measure. It's a GST rebate of up to $50,000 for the purchase of a first home. We all know that buying a house is financial leverage, if I can put it that way, for the future of young families, so I think the government is doing the right thing. Earlier, I heard that a large portion of the market is targeted by this measure, 32%, if I'm not mistaken. I find that interesting.
I'm going to come back to what my colleague was talking about earlier regarding the implementation of the GST-related measure.
Basically, this measure has been in effect since May 27, 2025, hasn't it?