That's great. Thank you so much.
I'm going to take this last minute to talk about the GST exemption that was promised a while back. It's my understanding, even from those I've spoken to in the Liberal Party, that this GST exemption was forfeited in favour of lower credit for larger developers. They asked for lower credit. They said that would be more beneficial to them.
I just want to let the minister know that, in my riding, we forgave.... One of the developers came in with a purpose-built rental unit. They owned the land. They asked for some lessening in parking regulations so that they could build a purpose-built rental unit, expecting almost half a million dollars in GST exemption, and it never came.
It seems that, due to the lack of GST exemption for the smaller developers who already own land and for those who have been renting out their buildings for 20, 30 or 40 years, they will immediately owe GST as soon as they rent their first unit. It puts them at a disadvantage to the larger development community that can go ahead and pre-sell units. It's incentivizing market condos over our rental units. I wonder if there is any talk about revisiting this GST exemption to encourage more purpose-built rental and to even save some of the purpose-built rental that we have right now.