Thank you, Mr. Chair.
Thank you to all the witnesses for being with us.
Ms. Houle, in 2022, the Office of the Federal Housing Advocate released a series of research reports that explored the growing trend of financial firms using housing as a commodity to grow wealth for their investors. That report confirmed that this phenomenon, known as the financialization of housing, is contributing to unaffordable rent increases, worsening conditions and a rise in evictions. The research estimates that about one-third of all seniors' housing in Canada has been financialized, along with 20% to 30% of purpose-built rental buildings.
In your view, what steps should the federal government take to address this?