It is a revenue increase, but we are constantly under pressure for new programs for various worthy things. The land transfer tax, as Members may recall, would have been a much more radical change than this is. These are fairly modest increases in my mind. They will be borne by those who are buying houses or putting on mortgages, but I don't regard this as a particularly large increase. It is certainly far less than was contemplated under the land transfer tax, which was not popular.

I thought, since the rates had not been changed in many years, that a change was worthwhile. As I say, for your $400,000 house with a $300,000 mortgage, yes, you will pay more, $350 or so more than you might have before. When you are talking about housing costs and prices, just an increase in the mortgage rates, for example, on that $300,000 mortgage, if I can use that example of 1 percent, is $3,000 a year; $15,000 over a five-year term, if persons hold onto their house for five years, as many do. I mean, a $350 cost, and that's not a yearly cost; that's simply when you register, in my view, is not terribly significant. As I say, we are constantly under pressure for many of the programs that we have discussed today and many of the programs that the government has entered into have, as I say, constant demands. My submission to you is that this is a reasonable increase, far, far less than the significant increase that we were contemplating under the land transfer tax. Thank you.