We would be happy to do so, Mr. McGuinty.
The concept is very simple. The land portion, which is often the core issue for access, is at historical values. Railroads were built in the 1900s. The value of a three-storey house in Montreal 100 years ago was $10,000. If you had to do rent control, would you do rent control on $10,000 for your grandmother, who has owned the house for 100 years, and do it on $400,000 for the new property you just bought? It just doesn't work.
We're looking for a way for the agency to have the proper facts to make a decision that is fair to the commuter and in the public interest. We're not looking to get replacement value. We're not looking to get fair market values that are grossed up for highest best use. We are looking for something that's sensible.