Thank you so much, Chair.
Madame Bowers, it's abundantly clear. It's becoming clearer that housing is no longer something that serves as a shelter and home for Canadians, but an asset for investors on Bay Street. This has happened and continues to happen at the expense of people, especially low-wage workers and racialized individuals who, as you've indicated, see a greater proportion of their disposable income go towards housing, sometimes up to 75%. That's something that's actually very common in my riding.
At the CMHC, we need leadership to correct this trend and to ensure that housing is a basic right that all Canadians can enjoy without taking on absurd levels of debt.
Are you committed to restoring housing as a basic human right, and if so, how?