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But a topic a little more dear to my heart right now is the issue of affordable housing. In Budget 2000 we did something with the GST, the rebate, to put rental housing on a more level footing with other types of housing. But there has developed a valuation issue. We've been hearing from rental property owners and developers. In looking at evaluation, of course there are different ways of valuation—market, discounted cashflow, etc. For example, if someone is building units for the purpose of rental, in the short run, let's say five to ten years, on a discounted cashflow basis it might have a lesser value in the market. But the owner-operator wants to put it into rental housing and maybe convert it into condos or sell them as condos ten years later. Revenue Canada seems to be interpreting it as you go to the highest and best use, which might be market. I don't know if you've heard about this issue. I'm working with the revenue agency to try to clarify it as best we can.
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