Thank you, Mr. Chair.
Ladies and gentlemen, thank you for being here with us today.
Since I am my party's housing critic, I am going to address my questions to Mr. Morrison. I will save a few minutes at the end for my colleague Pierre Nantel.
We have talked about building social housing. You said that there was a crying need for new social housing. The waiting lists are very long. In Toronto, 90,000 units are needed, and in Montreal, the figure is 25,000. You also talked about the end of agreements between the CMHC and housing associations.
In the riding of Hochelaga alone, the riding I represent, 57 housing projects are affected by the end of these agreements. As you know, this means the loss of rent subsidies. I am told that in Quebec, there will be an average rent increase of $250. This means that overnight, people will have to pay $250 more in rent.
If the funding of the agreements is not renewed, what will happen, in the short and long term, in these households that are usually the poorest?