Thank you, through the chair, for the question, MP Aitchison.
REITs exist in 42 countries around the world and that number is growing. They're in every G7 country. They allow small investors to buy big-ticket real estate on the same basis that wealthy people can. It's the retail investor who is the winner in all of this. Many people invest in REITs for retirement income, for example. Big pension funds might invest in REITs because real estate is a good counterpoint to bonds and stocks. It's a good asset class, generally.
The REITs, I think, are among the best class of landlords in Canada. Why is that? They have access to capital. They can fix buildings up. They have tenant portals. They have professional management. They have reputations. They have ESG statements. They are amongst the best class of landlords in Canada. Australia is trying to attract a build-to-rent system. So is the U.K. The REITs are a very good example of a build-to-rent system in this country.