Yes, this investment is a step in the right direction, but the disparity between supply and demand in the housing market is so significant that it will be difficult to resolve.
That's why all partners have to work together to find solutions and speed up construction.
Various macroeconomic factors are contributing to the slowdown too. Higher interest rates, for example, have a significant impact.
There's one more thing I'd like to add. Right now, a lot of municipal infrastructure is operating at capacity. We may want to build new housing, but there's no money to update things like water and wastewater infrastructure. That means we can't build more homes in some places.
We want to move forward and build more, but there has to be enough money for municipal infrastructure to support new housing. Right now that's a challenge.