Thank you very much for those answers.
One of the comments that caught my ear, which I'll comment on quickly, was what you said about GICs now approaching a rate that may make it more profitable for some builders to put the money into a GIC as opposed to actually building homes. We're seeing that on a larger scale, of course, with the bond market as well. Canada has a productivity crisis, as I'm sure you're aware. It's affecting your industry. It's affecting all industries. Removing that capital is just going to make it more and more challenging.
The numbers, Ms. Wastell and Mr. Lee, are staggering. I truly do wish you Godspeed, because we're building at, I believe—and you can correct me if I'm wrong, as you're the experts here—1970s levels. We are about 3.5 million doors short of what we need by 2030. I believe we need a full-court press effort to enable and encourage you to do everything you can, and to empower your members to do everything they can to build houses.
A couple of weeks ago, the CMHC was here, and I asked them point-blank whether the current federal government's policy is sufficient to bridge this gap. They were quite clear and pointed when they said, “No”.
I'm going to ask you that same question: Are the current policies of this federal government sufficient to bridge the housing gap?