Thank you for the question.
The measure as it stands in the bill is clearly insufficient. Yes, it is intended to stimulate supply, but it is not very precise. There are a lot of low-income people who will not necessarily benefit from it. We welcome the inclusion of housing cooperatives in all new apartment buildings, because that will expand the supply that is more intended for the communities that really need them.
We also have to understand that this is just one mechanism. Increasing supply is not about just increasing one type of supply; it is not just about increasing the supply of rental units. We also have to increase supply in general, to give everyone the right to have decent housing. It is important to base decisions on studies that may show this. According to a number of presentations that have been made, in Canada it is only 3.5% while in other countries in Europe it is 15 to 30%.
We are also not wanting to eliminate the construction of rental housing. We are really wanting to increase general supply so that everyone, regardless of their income, has access to decent housing.