Thank you for your reply.
CMHC was contacted more than five months ago, and now it's the one blocking the construction of social housing. It's very worrying.
Since I don't have much time left, I'm going to put my questions to Mr. Fraser.
As the CIBC economist said, we're talking about a shortfall of 5 million housing units. According to data published by CMHC at the end of January, supply is expected to fall in 2024, because the number of new housing starts has fallen over the past year due to inflation; the cancellation of these projects is expected to start being felt this year. Added to this is population growth, which will exacerbate the housing shortage. In short, there will be a lot of homeless people this year.
What do you intend to do about this? Is it true that the government is going to cut funding for organizations fighting homelessness by 3%? That's what we're hearing at the moment.