—the demand.
You spoke specifically about development charges and some of the other measures that certainly the provincial government in Ontario is taking to reduce the government burden in costs on the construction of new homes. I'm assuming that it's just as it is for somebody who's about to buy a home, a new home, for example. Some measure of confidence in the market is required for that new homebuyer. I would assume that a significant measure of confidence is required for a builder to spend the tens of millions of dollars to build a purpose-built rental.
Is there a disconnect right now between government announcements and action and the reality of the things that are happening?
There have been announcements about cutting the GST on new homes. There's been an announcement about cutting development charges in half. We still don't know how that will happen. For the GST, they say it will be retroactive back to April 1, but there seems to be some uncertainty amongst the people who are looking at buying new homes about how that will happen, and they're not prepared to take that risk. That uncertainty exists in the homes for sale market. Is it impacting the rental construction business as well?