There are several factors for this, the first perhaps being the global economic situation. Unfortunately, for some investors, one of the criteria is proving a minimum net worth of $800,000. And some investors have seen the value of their assets drop below the $800,000 mark. This element affects some of these candidates.
Another important element: our neighbours, the Americans, have a similar program to ours, called the EB-5. A $500,000 U.S. investment is required for various pilot projects under this program; they are increasingly efficient and are trying to process applications more rapidly. So, our American colleagues are currently promoting this program heavily around the world. They are simply asking immigrant investors if they are prepared to wait five years, although the Canadian program is a good one. So we now have competition in terms of the wait times, and it is a bit of a thorn in our side. Other than that, we have an excellent program.