Thank you, Mr. Chair.
Thank you to all the witnesses who are appearing today. It's great to hear from you all.
I'd like to focus initially on the comments of Mr. Brooks.
Mr. Brooks, you were talking about the number of rental units that have been constructed in Canada and how that number went up significantly. However, at the same time, the government made changes to immigration, so that has affected demand, which means that—I'm assuming—the rate for the rental of these units is starting to come down a bit. Is that fair?