Thank you, Mr. Chair.
I would also like to thank our witnesses for their presentations, this morning. I know that we are going to focus on the issue of housing, in particular.
I am not sure whether the benchmarks are still the same, but when the poverty reduction strategy was implemented in 1989 and later, during the various levels of debate, the vacancy rate used as the benchmark for determining the need for so-called affordable housing was 3%.
In some of the cities we have visited and according to some of the witnesses we have heard from, we are seeing that the number is 2.4%. So close to 3%. Are vacant housing units units that are affordable or units that need renovations? The 2.4% rate is not ideal, but it is still interesting.