Thank you.
Maybe I'll address this to Ms. Young, if I can.
In September 2022, the office of the federal housing advocate released a series of research reports that explore the growing trend of financial firms using housing as a commodity to grow wealth for their investors. The reports confirmed that this phenomenon, known as the financialization of housing, is contributing to unaffordable rent increases, worsening conditions and a rise in evictions. They note that the greatest impact of this is on disadvantaged groups, such as seniors, low-income tenants, people with disabilities, recent immigrants and lone-parent families. They estimate that about one-third of all seniors' housing in Canada has been financialized, along with 20% to 30% of purpose-built rental buildings.
First of all, do you agree with that? Are you concerned by it? What policy responses, if any, do you think the federal government should take towards organizations like REITs and others that are financializing residential housing?