Thanks, Mr. Horwood.
There's been a lot of debate here over the last several months about the GST waiver on purpose-built rentals. You've given some great recommendations for us to consider. The debate is centred around whether or not that waiver should continue in the affordable rental market for those non-profits and municipalities that are building new units in that area, as well as whether that GST waiver should extend to your industry for purpose-built rentals in the market sector of the housing industry.
Can I get your opinion on whether or not that's going to assist with the legislation as it's written right now, understanding that you need to see the regs?
Also, should that continue for the next several years as it relates to incentivizing new supply in the market area?