I'm concerned about Fort Erie, but if you're talking about people who are taking property out of the housing market, you have to have some parameter. The example that I used was the American seasonal residents who are occupying the property. They're contributing to our community, as opposed to the investors, who are utilizing their properties for short-term rentals, a clearly commercial purpose within a residential area. They're not part of our community and, in fact, they create more difficulties, sometimes, than they resolve. They are definitely taking houses out of the existing housing market for investment purposes, whereas, for these American seasonal residents, these homes have never really been part of our housing market, strictly speaking, for people who live here, because they've been utilized as seasonal residences by our American neighbours.
On June 8th, 2023. See this statement in context.