Thank you, Mr. Chair.
I appreciate the witnesses' contributions to the discussion this morning.
My questions will be for Ms. Gagne.
First of all, I truly appreciate your enthusiasm, energy and commitment to affordable housing. I'm not sure whether you're aware, but this committee did a study on the impact of financialization of housing. We heard that we are losing affordable housing 11 times faster than we are building it.
One of the concerns is the financialization of housing. One of the recommendations was on design and tax treatment options to ensure that REITs create new affordable housing.
My concern is how much we are losing to REITs. What would you suggest we should do to make sure that's committed to new housing as opposed to being used to purchase up existing stock and gentrifying?