Those are not our office's numbers. As I understand it, the number across Canada is closer to $33 billion, with $11 billion as Ontario's share. This is the money that is spent right now by the federal government under the social housing operating agreements that will expire gradually up until 2033, so it's a total figure.
Over the next 30 years, the obligations of the federal government to fund social housing will drop by just over $60 billion. That withdrawal of subsidy is linked to the date when the housing provider's mortgage is paid off: as the mortgage is paid off, the subsidy decreases.
For us, it's both a concrete lack of dollars and, more significantly, the ongoing viability of some of the providers that comes into question. We would ask that you look at that as potentially one way of staying involved in social housing.