Q1 2024 sees a measurable 14% increase in the absorption as new construction stock continues lease up. Both rents and vacancy rates remained steady over the period. It is interesting to note current rents are equivalent to Q1 2023, one year ago. We do not expect significant rent growth for the remainder of the year as the market continues to absorb newly delivered units. Strong Q1 absorption numbers in a traditionally slow winter market indicate sustained demand for units and a promising factor to the return of rent growth in 2025. Interest rates continue to place downward pressure on sales volume and pricing. With the expectation of rates cuts later this year, volume is expected to increase in tandem.