The University of Toronto has approximately 70,000 students. We feel we have reached the ideal number of students. In the greater Toronto area, approximately 70,000 positions will have to be created at universities in the next few years. So we will necessarily have to establish new universities to meet that demand. However, the University of Toronto doesn't necessarily want to expand. We think it has reached its ideal size. Consequently, we are not seeking to increase the number of students.
As regards tuition fees, there's a distinction in Quebec between Quebec residents and people from outside Canada, for whom tuition fees are higher. At the University of Toronto, that distinction is made solely between Canadian and foreign students. So those who come from Quebec pay the same fees as those from Ontario.
We receive a lot of applications for admission. I mentioned that the university has 8,000 foreign students. In fact, attending the University of Toronto is really a bargain for foreign students. Tuition fees are four times higher at other universities where they could enroll, in the United States, for example.
We have to balance our tuition fees based on this entire context. Revenue from the provincial government has been stable in recent years, but has not increased. Even if we restrict fee increases as much as possible, we can only catch up with inflation through tuition fees.