Thank you, MP Collins.
Speaking to the programs offered by the CMHC, the apartment construction loan program in particular—at the time of our applications, it was known as the rental construction financing initiative—was instrumental and vital in allowing us to refine our construction budgets in order to proceed with new rental construction. Very simply, without the RCFI and the apartment construction loan program, we would not have started the buildings that are under way today.
The CMHC has been very good about reaching out and consulting within the development industry, and talking to and connecting with apartment managers, such as us. It has been very consultative.
That being said, there remain improvements and tweaks that could and should be made, which I believe will continue to have a very impactful result in bringing new supply to market. Changes that are made are sometimes hard for us to understand in short-term doses, but when we have a better opportunity to review and consult with the CMHC, and to do that more regularly, I believe it will listen and try to find ways to continue to improve the programs.