What a great question. That's quite a question, because right now, vacancy rates are around 19% in downtown Montreal. Prior to COVID, they were 8%. So, as you can see, these rates are historically too high.
A return to the office is under way, and I must mention this—I commend the federal government for this, as it has invited its employees back to the office. The Government of Quebec has done the same. Municipalities are being asked to lead by example. Will everyone return to the office in the same way, five days a week? The answer is clearly no, but our downtown cores still need to be able to survive.
Where we have an extraordinary advantage in Montreal is that people live in the city. It's not like Calgary, which was just given as an example a moment ago, where, to put it mildly, the downtown core is uninhabited. People go there to work, but they live on the outskirts.