Thank you.
Mr. Davidoff, I was reading a little bit about your background. You're an economist, I believe. Correct me if I'm wrong.
You said at one point that, to address the housing crisis, property taxes had to be raised in Vancouver, which you gave as an example in your presentation. I imagine that this city is not an isolated case. What needs to be monitored before your proposal is implemented? Should we consider the size of a city or its vacancy rate so that your recommendation concerning Vancouver could apply to other municipalities? What do we have to watch for as commonalities or differences?