To reconvene that idea, it indeed seems to me that there is not going to be a silver bullet to all of this. A multipronged approach is necessary.
I do want to reiterate something around investment in housing. I really think we have to take a big step back in this country and understand that the way investment in housing is working right now is not working for people who are low income or even for higher-income earners. In fact, what's happening is that only wealth is being extracted.
While I understand the concerns around foreign ownership, I want us to be very clear. There are many domestic actors here. We're talking about Canada's pension funds. We're talking about real estate investment trusts. We're talking about individual investors who are now able to own multiple properties—10 properties. All of this is decreasing affordability, decreasing affordable housing stock and making it much harder for low-income people to just eke out an existence. These are people who have played by the rules. They've gone to school. They have jobs. They just can't make ends meet.
I think there has to be a real pivot in approach. So many of the policies that exist right now benefit those investors. That needs to be looked at. I'd love to see a finance committee hearing focused on the financialization of housing or a HUMA committee hearing that really drills down on what we can do to curb the investment in housing. To me, that would be an important emphasis.