Thank you.
We heard from CMHC the other day that in the decades leading up to the cancellation of the national housing policy in or around 1995 by the then Liberal government, CMHC was involved in delivering between 20,000 and 30,000 units of social housing every year. Even if you take the low number, 20,000, and multiply that by the last 25 years, that's about 500,000 units of social and affordable housing that didn't get built. That is in keeping with some estimates of the number of units we would need in order to get ourselves out of the housing crisis that we find ourselves in.
Mrs. Raza, I know that sometimes when people hear about the construction of social housing, they think, well, I'm not going to be in social housing, so that doesn't really make a difference to me, but when we look at the spectrum of housing and housing need, often serving one portion of the housing spectrum can have good effects for everyone on the housing spectrum.
Could you take my remaining time to talk about the housing spectrum and how investment in social housing can really help the overall housing market?