Thank you, Mr. Chair.
I will begin by addressing a comment to Ms. Farha.
I am a member of the Bloc Québécois, and my party is committed to the full autonomy of Quebec and the provinces with respect to their jurisdictions. With respect to health care, we are asking the government to do what it did before, which is to fund health care within its means and to let Quebec and the provinces make their own decisions.
When it comes to joint projects, regarding roads and infrastructure, for example, it takes two or three years for a framework agreement to be established, regardless of which party is in power. Then it takes one, two or three years for the project to be implemented. Once the money is voted in, it's a slow process. This is really why we value Quebec and provincial autonomy.
I'll come back to my questions.
Mr. Tremblay, I would like to know your reaction to the measure included in the government's budget with respect to the 1% tax imposed on vacant residential properties owned by foreigners.
Has CMHC looked at this issue? I know that British Columbia is doing this for some areas and the City of Vancouver has adopted this measure.
What does CMHC think this measure can do to help bring down the price of rents, among other things?