I think the biggest problem is the levy situation, which prevents you from building large units. In the past six years, I've built 600 units, and at least 75% of them were two and three-bedroom units over 700 square feet—closer to 900 and 1,000 square feet—and they were always the fastest ones to go.
There's such a large supply of one-bedroom units through condominiums in the GTA that nobody wants them as much as they want two and three bedrooms. There's nothing for families.
I don't know that the fund has much effect on this type of product; it's just the availability. I think supply is the biggest issue. One of the other witnesses, Mr. Pomeroy, I think it was, said that the supply would help renters and therefore homebuyers, but it would also help homebuyers by taking some of the older people who presently live in homes out of that market and put them into the rental market. They really have nowhere to go if they don't want a house anymore.