Thanks, Mr. Chair.
I'll start with Mr. Wvong first.
Mr. Wvong, I listened to your opening statement very closely, and I agree with you 100% that supply is a big part of the housing crisis right now. As much as developers are going to play a big role in getting us out of the housing crisis from a supply perspective, our study here focuses on historical investments, or the lack thereof, that governments have made that have led us to this crisis.
One of those issues relates to affordable housing units. I didn't hear the words “affordable housing” in your opening statement. I know that, in your area of the country, metro Vancouver has 18,000 people on their affordable housing wait-list. As much as developers are going to play a key role in this housing crisis, they're not philanthropic to the extent that they're going to provide subsidized rents to people moving into their buildings.
Can I ask what your organization's position is on subsidies from the federal and provincial governments, and if these have played a key role in assisting on that issue?