Right. There will be two impacts in terms of affordability—neither of them huge.
Properties owned and lightly used by people from overseas have largely been addressed in Toronto and particularly Vancouver, and, of course, foreign buyers are now banned. We're not talking about a solution to affordability. However, there are two important effects.
Number one is revenue. When the government taxes and the Americans or other nationalities pay these taxes, that's free money to Canada. Of course, that's unless there's reciprocity in taxes, which you've talked about, with the Government of the U.S. punitively retaliating. As I mentioned, and I think this is important, that retaliation used to exist in the sense that Canadians weren't eligible for property tax deductions from their income taxes. I do think it would be a bit silly for the U.S. to retaliate on those grounds.
The second point, of course, is properties that are restored to occupancy by permanent residents of the home when they're vacated by people who own vacation homes. Vacation homes are, of course, desirable in some districts where communities are reliant on vacationers, but in other communities we want, ideally, homes to be occupied by people who form part of the tax base. That's an efficiency issue as well as an equity one.