Can I just very quickly add to that?
There's been a lot of talk about the infrastructure bank that Minister Morneau announced as the lending vehicle for housing. One concern with that bank concept, which we've heard from our members, is that it's simply not scalable. It's essentially there for the bigger projects, and if you're a smaller housing provider you simply won't be eligible.
What we've called for, in addition to the bank, is the creation of a distinct and separate housing financing authority, which you can call a bank or whatever, that is scalable so that smaller providers are eligible. It should be long term in nature so as to lower risk, and the loans should be guaranteed by the federal government, perhaps by CMHC. As well, the rates of course should be attractive enough to make it better than what a provider could get from their bank down the street.