Mr. Speaker, I think my colleague is missing something. Yes, those contracts are going to expire and the mortgages will be paid off. However, through the $1.7 billion that was invested in affordable housing, it was possible to support low-income households. Now, when those contracts expire, we have to expect that through attrition, people who are unable to pay will have to give up their affordable housing, which in any case will no longer be affordable.
My colleague talked about $1.25 billion in funding until 2019, but what is he talking about? That is my question. He seems to be saying that that money would help mitigate the impact when the contracts end in a few years.
However, what are these funds called, the funds that are supposedly being transferred to the provinces? How much money is there? Is it $1.25 billion each year? Moreover, what exactly does this mean on the ground?