Thanks, John.
Thanks for the opportunity to be here.
John described this very well. Mixed occupancy is where we're heading, basically a mix, let's say, where the first couple of storeys would be commercial, retail, offices, and others, while the rest of the buildings, especially in tall wood buildings, would be residential, condominiums, etc.
FPInnovations has actually conducted a market analysis study, with funding from NRCan. This is really what drives the research and our efforts, actually the market studies. We want to know what building sectors wood buildings could actually benefit. The tall wood building sweet spot, as John mentioned, is anywhere between, let's say, six and 12 storeys. But, really, it's all about opening up, looking at wood as a unique building material with all the advancements that have been mentioned by Mr. Cannings, John, and others.
It is necessary to not overlook wood as an innovative building material, and this is what we have been probably experiencing in Canada, and the same in the U.S. Wood has been overlooked by architects, by design artists, by engineers, and by the building codes to some extent. However, building codes are responding to those recent advancements in engineered wood products, recent advancements in connections, in design tools; so that's why we're able to change our building codes from a four- to a six-storey limit. Of course, we're ultimately pushing for a performance-based building code that will not differentiate between what type of construction or building material you will use. That will kind of level the playing field for all building materials: wood, concrete, steel, and others.