Thank you so much, Charles.
Thank you for pointing to the federal lands initiative, in your riding and across Canada.
We know and feel how stressful it is for Canadians to go through the housing crisis. The good news is that we have, in budget 2024, the most important housing investments ever seen in the history of Canada. They are going to transform the lives of millions of Canadians. We are going to build millions of homes. Many of them—hopefully, most of them—will be affordable.
That's coming through the leadership of PSPC. As you said, PSPC is an important supporter of that initiative. More broadly, PSPC is key. We have $34 billion in procurement activities every year and 400,000 contracts and amendments. We have 800,000 active security clearances every year, a large number of them being checked and reviewed every year as well.
The federal lands initiative, and the Canada Lands Company in particular, is going to build approximately 29,000 new homes in the next five years on federal lands. That's in addition and complementary to the federal lands bank initiative that you noted. As of now, we have 83 properties in that bank. We started in August. We're going to build approximately 35,000 new homes in the years to come.
We hope that your leadership and the leadership of other MPs around the room will help connect communities, mayors, councillors and not-for-profit housing providers to speed up the construction of those new homes.