Thank you.
I'm sure there's always room for improvement.
Housing is certainly a significant issue. When we extended the funding of $1.9 billion for the homelessness and housing initiative it was well received. As François mentioned, during an economic crisis is exactly the time we should boost our housing dollars. We have put $2 billion in the budget for renovations and new housing units for various groups--seniors, and those with disabilities.
There is a question you've raised that I want to pursue. We spend $1.7 billion annually for existing social housing needs, and many of the agreements with provinces for 35, 40, or 50 years are starting to expire. So there is that pool of $1.7 billion, but you're saying there should be an additional $2 billion spent.
Some of the housing associations have made sure that the properties were improved and can withstand the test of time. They have spent money in that regard and have paid off debts, but others haven't done that.
What are your suggestions on how to handle existing housing stock in the years to come with that $1.7 billion? It's not too far from your $2 billion suggestion. I know we're going to be facing that in the next short while.