That's a difficult question to answer. First of all, I can tell you that when we look at our housing programs across the country, the cost to create one unit of housing varies according to location. With our programs, it ranges anywhere from $300,000 to $500,000 per unit. Do the math: If the government were to finance that level of construction, that would be the amount of support the government would have to be able to finance.
I'd like to note that housing is a shared responsibility. There are many orders of government involved in it. Part of what I like about the national housing strategy is that it has given CMHC an opportunity to align the work of the federal government with others to support housing development for those in need of affordable housing.