There are a number of big developers in my province most of which have generated substantial returns to their investors. In the current environment where property values are high and increasing holding onto land is quite profitable. All developers do this. They also create proposals to develop land and that activity has some returns to it as well. I agree that building housing is productive, I just see large numbers of proposals and projects in my region to the point that many stakeholders in the community want to see less development not more. Economic theory says developers are making enough money to continue to propose developments so I don't see why we need to change taxation laws to make those developers generate even higher returns at the expense of homeowners. Property tax in my region is a sizeable expense for many homeowners and seeing it undergo a sizeable increase would be a hardship for many in the community.