Thank you so much, Mr. Chair.
I just want to clarify one thing because I think it's important. Sometimes there are interjections and people who might be listening from home might not get some context. I know that Mr. McLean had mentioned something about a tax on principal residences being recommended, and I just want to be clear that there's no such recommendation by our government.
To provide testimony to the standing committee on May 4, 2021, the CMHC and Generation Squeeze came before the committee. Canada Mortgage and Housing Corporation, as represented by Mr. Michel Tremblay, a senior vice-president, indicated that CMHC is funding 47 solution labs whose purpose is to find housing solutions focused on vulnerable groups who often fall through the cracks of the Canadian housing system. If you go through the testimony, both Mr. Tremblay and Mr. Kershaw, who heads up Generation Squeeze, indicated very clearly that they do not provide tax policy advice to the government and have not been asked by any cabinet minister to provide that information or tax policy recommendations to the federal government. I further want to indicate that what happens to the reports is that they're actually posted, according to Mr. Tremblay, and they are for anybody to use, for public consumption.
I want to make sure that, in addition to the fact that numerous ministers lately have come out very clearly to indicate that there is no proposed tax on principal residences, people will know that it's also covered very clearly in the May 4, 2020, Standing Committee on Finance meeting, and if people want to read that in depth I encourage them to do so.
Mr. Arora, we've asked you a number of questions about so many different things. You've done such a wonderful job that I just want to say thanks to you and your team for your patience and excellent responses.
Housing is treated differently in various countries. How do you or the team at Stats Canada assure yourselves that the way you're measuring housing costs is actually the right one for Canada? You know that in Canada we have a higher than average number of people who own houses. Therefore, how do you assure yourselves every single year that, yes, this is the right measurement for us to continue to use?