Mr. Tom O'Brien:

I cannot comment on the increase in the number of tenancies being registered other than to say that the Private Residential Tenancies Board has noticed that compliance is increasing. That is going to result in an increase in the number of tenancies. As the committee knows, large blocks of apartments that were acquired by real estate investment trusts have started to become let over the last six months. They are now hitting the market. They were previously half finished or in a state of hold until they were sold. They have now been sold. I suspect that the number of such properties is in the thousands, when account is taken of the large portfolios that have been sold.