First of all, I'd like to point out that when you're talking about supply, there are currently about 16 million housing units in Canada, and 95% of them are owned by the private sector. I just want to give you a bit of the context to the landscape. Many of the levers that affect housing supply are at the local level. They're at the municipal and provincial levels. Having said that, there are things that can be done at the federal level to impact supply.
When you look at something like the national housing strategy, there are a number of programs under it that promote the creation of supply, especially for those who are most vulnerable in our society. It's very important that CMHC continues to deliver on our commitments under the national housing strategy with respect to supply-related issues.
In addition to that, CMHC and the federal government can play very important convening roles in bringing together the stakeholders who impact supply at the local level. We can work better with municipalities, provinces and territories, as well as non-profits, to bring in supply more quickly than it is coming in now.