Yes. Thank you.
The reason I've come to that conclusion—and this isn't something I'd advocate, you know, like I just woke up one morning and said “this is a cool idea”—is that I was in mortgage lending a long time ago, and believe me when I say that I lent millions and millions of dollars. I've refinanced probably one-third of The Glebe—home renos, gut the house and rebuild it—so I'm very aware of the municipal level.
Maybe I'm flattering everyone here, I don't know, but I don't think the federal government is the problem. I don't think the provincial government is the problem. I didn't say that they can't change and can't do things that are better, but I think the fundamental problem in municipal housing shortages is, in the largest cities, the municipality.
I urge every one of you to read that annual report. It's produced by a consulting firm on behalf of the Canadian Home Builders' Association. The numbers are subject to audit. They're using a lot of CMHC data. The numbers on the average days to permit and so forth just leap off the page.
To me, they're really the block. The block is the 10 largest. It's not all the cities. I think StatsCan says there are 27,000 municipalities in Canada. We're talking about the 10 that are the problem. They happen to be the biggest.