Ms Margaret McCormick:

Yes, one is looking at the inflationary cost and the cost of insulation and everything else, and that is moving up as well. There is a substantial cost required to bring any property up. As my colleague stated, it is not possible to offset that cost. In addition, the property may be in a rent pressure zone. Unless one can bring it up to the level set down in legislation, one will not be able to change the rent. It does allow the substantial refurbishment to take place along with other measures but it is very restrictive, as my colleague stated-----