Well, there are a few factors in terms of giving a GST break. The market challenges in Toronto and Vancouver have been very significant, with pre-sales evaporating and many of the builders having real challenges—their equity stuck in projects and homes that were not selling. The market is clearly affected by global uncertainty right now. People are choosing, particularly in those markets, not to buy homes, and new homes in particular.
We started with the first-time homebuyer break on GST. That didn't move the needle enough to make a difference with the supply that was sitting on the market in Vancouver and Toronto in particular. At that point, we went to the next level of offering a time-limited reduction in GST. In Ontario's case, they offered their provincial sales tax, so the HST is reduced across the board.
