Thank you.
Mr. Mason, I am going to ask a question about our ability to have more housing. The Prohibition on the Purchase of Residential Property by Non-Canadians Act came into effect on January 1, 2023. I believe you were involved in the development of the regulation. Correct me if you were not, but I know that it is the responsibility of the Canada Mortgage and Housing Corporation to provide data.
From our side, we think it is a sound idea to try to keep non-Canadians from speculating here. However, there are permanent residents who contribute and want to buy a home, but they cannot, even though they are not necessarily speculators. This is a problem.
Having been involved in the development of the regulations, do you think there could be a legislative change to so that the definition of speculator does not include so many people?