Thank you for the question.
The CMHC data is good and reliable, but it relates to dwellings that are occupied. It gives us the current picture when it comes to occupied housing.
The study by the Regroupement des comités logement et associations de locataires du Québec was based on 45,000 or 60,000 rental units on platforms like Kijiji. This provided a picture of the number of units available for rent. That is where we see a gap in terms of rent increases.
Both profiles are good, but the one from the Groupement des comités logement gives the true picture of rent increases for rental units. That’s what gives us a sense of the state of the market.