I would like to thank MP Gazan for her kind words of congratulation.
With respect to the RCFI program specifically, I always like to think of the national housing strategy as a very broad tent. The housing continuum is very broad, and although most of the programs are focused on more deeply affordable housing, we want to include programs that support the rental sector.
For many years, there has not been growth in purpose-built rentals in Canada, and the RCFI program was developed specifically to provide new rental housing for middle-class Canadians versus people at lower income levels.
I know that when you're actually looking at the rents that are being charged for RCFI projects, it's important to compare the rents not to the market in general but to the rents for new buildings that are being constructed.
We are pleased with the RCFI program because it generates new units in rental, which is very much needed, and we are able to drive greater affordability than—