Let me first of all say on the question of shovel-worthy, shovel-ready projects that we've been asked whether the social housing sector has those types of projects ready to go. Let me state unequivocally, absolutely yes, si, oui, ja—however you want to say it.
The social housing sector is ready to retrofit. They are ready to rehabilitate. We understand there is possibly going to be an angle regarding green infrastructure and energy retrofits. Absolutely, we are ready to work with governments in that area.
Regarding that stimulus impact, you mentioned the GTA. Just in the city of Toronto right now, there is a waiting list for affordable housing approaching 90,000 households—not individuals, but households—so clearly, the need is great. And that's for new builds.
There are still 600,000 households in Canada that live in the existing social housing sectors. As I said, many of those buildings are more than 50 or 60 years old. I toured one building here in Ottawa that's over 100 years old. There has simply not been the level of retrofit investment necessary to keep those buildings up to code. Frankly, I would just ask anyone here, for example, who own their own homes, what if they went 50 years without putting any money into the rehabilitation of that home. It wouldn't be a very good place to live.
Clearly, that's money that is necessary. It will have a stimulus effect. The projects are ready to go. Again, we look forward to working with government to make them happen.