Thank you for the question. Actually that's a very important topic.
We own about 325 buildings across Canada. These are everything from strip malls in small urban areas, rural areas, to large buildings downtown here and in Vancouver and Montreal and what have you. The average age of the portfolio, as I said earlier, is 43 years. We have this wonderful portfolio. So we're sort of a real estate magnate, except that we don't conduct ourselves as a real estate mogul would with this type of portfolio. The reason we don't is simple. You need long-term planning to look after these assets. Governments, by definition, don't have long-term planning. When they do their budgets, they're 12 months by 12 months. So you accumulate deficits in terms of undercapitalization of assets.
In our case, that deficit, I'm told, is close to $4 billion, which is a humongous number. It's just a huge number. We've accumulated this deficit, so we can't allow this to continue. We close our eyes and just pass it on to the next guy after me and the next person after him or her. The reality is we need to be creative about this and find a way to address this significant undercapitalization. We've been looking at this for the past few months and are hoping to come up with a few ideas before the fall.