Thank you, Mr. Speaker. Mr. Speaker, like I mentioned earlier, the whole idea of the phase-in over four years is so it would not burden the tenant with seeing a major increase in one year. They've phased in the rent increase over the first two years and now we are trying to conclude that. To be fair to everyone out there, we are trying to ensure that those tenants, some 34 tenants, who will be seeing a major increase at the high end, but we also have to realize we have one of the lowest tenant rates in the country. In most jurisdictions, it's 25 to 30 percent of your income. In the North, we are going to be increasing it from 11 percent to 14 percent. If you start looking at other jurisdictions across the country, we do have a fair rate system for social housing, not like other jurisdictions across the country. They look at 30 percent of your gross income.

So this system is to ensure that we phase it in over the next two years, but also ensure that you don't get the whole 30 percent or 40 percent increase in one shot. We are trying to spread it out over two years.