A year has created urgency in the marketplace. We have certainly seen that since April 1, in 19 days, the increased activity in our members' sales centres has been overwhelming, with 10 to 15 times the amount of foot traffic. We're seeing increased sales and registration. One of the challenges now is the lack of clarity on how the program is going to be administered. We are actively working with both the province and the federal government to achieve that.
I welcome the urgency the program has created, given the historic lack of sales we've seen. The conversation that I believe needs to happen next is about how we maintain the relief we had and about indexing that relief. As you may recall, back when the GST was introduced in 1991, there was a commitment to indexing the amount every two years. It's been a long two years. We finally got it up to the current $130,000 level, which reflects housing inflation over the last couple of decades.
My direct answer to your question is that it's a welcome start to get people back into sales centres. It has achieved that purpose. The tax demonstrated, because of the activity and excitement, that it was a significant barrier to being able to afford homes. I look forward to the conversation about how we maintain that equity and about at a minimum indexing it going forward.
