How far into the condo slowdown did your apartment conversation coming up? When did it start making sense? When did you get serious about it? How did that all play out as you transitioned?

So we've been looking at rental for three to four years.

So even...

In the fever pitch of the early days of COVID condo sales, we were underwriting everything as rental and as condo, but we couldn't make the economics work.

And a few things have changed since then.

One is benefits on development charges.

Two is, and this was the most major one, was the elimination of HST on rental product, on self-delivery of rental product.

What are the other sort of major differences you've noticed, maybe it's suite sizes or amenity types between your sort of an apartment development, successful apartment development versus condo?