I think the most important way it's going to have an impact on the renter is by actually having units to rent. We have a huge supply issue, so right now what you see is increased rental rates. It's costing people more because of the lack of supply. It's very expensive to build right now. I don't think that, thanks to some savings on GST, all of a sudden you're going to see plummeting rental rates. However, what will happen if we get enough purpose-built rentals is that, overall, we're not going to see those accelerating rents like we've seen, because we'll have many more purpose-built rentals, which are exactly what we need.
On May 27th, 2024. See this statement in context.