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Human Resources committee  That's difficult for me to comment on, because I haven't looked at the details of the national housing strategy, to be fair. I don't know exactly what they're funding.

June 6th, 2023Committee meeting

Christian Szpilfogel

Human Resources committee  When you think about the construction of housing, realize that about one-third of the cost is obviously in soft costs. I think that was mentioned earlier. Take a look at all the hard costs going in. In the city of Ottawa, to build a one-bedroom apartment, justifying the rent based on existing costs means there's a rental floor of about $1,700 a month.

June 6th, 2023Committee meeting

Christian Szpilfogel

Human Resources committee  Thank you very much for the question. I apologize that I'm not responding in French. I just want to make sure I'm clear. Right now, what we're looking at in the private industry is.... The private industry can probably solve about 90% to 95% of housing needs within the overall population.

June 6th, 2023Committee meeting

Christian Szpilfogel

Human Resources committee  That's a really good question. As I was answering earlier, in my estimate, about 70% to 75% of housing is provided by very small landlords. To me, then, that's part of the tool of creating availability, but we need a balance between private market and publicly funded housing. Mr.

June 6th, 2023Committee meeting

Christian Szpilfogel

Human Resources committee  I can't put words in his mouth, but what I see is that the private sector is absolutely key in terms of developing the scale we need. One of the pieces here, which Mr. Brooks just talked about, was the relative percentage of different categories of landlords. When we take a look at the total rental universe, which is roughly five million rental housing units, half of it is in the primary-market segment, as defined by CMHC, which is three units and up.

June 6th, 2023Committee meeting

Christian Szpilfogel

Human Resources committee  Good afternoon. I'm a director of the Eastern Ontario Landlord Organization, or EOLO, which was founded in 1990. EOLO represents rental housing providers of all sizes that, together, own and operate more than 40,000 rental units in the city of Ottawa. EOLO is a member of the Canadian Federation of Apartment Associations, or CFAA.

June 6th, 2023Committee meeting

Christian Szpilfogel