I'd have to get my calculator out and do a little bit of additional work, but it is monumental. Let me just say something else in that context, Mr. Aitchison.
Canada is already devoting 8% to 9% of GDP, of national income, to homebuilding, home renovation and real estate intermediation. The United States is spending 4% to 5% of GDP on the same thing. We're already devoting a lot of national income to developing, renovating, rehabilitating and transacting in housing.
I do actually worry a bit as an economist. I recognize that we need more housing, but I wonder whether we should be spending 10%, 11% or 12% of national income on housing. If we did, what are the things we wouldn't be investing in?
There's a limit to the pool of savings at the macroeconomic level that exists in Canada. We're already spending a tremendous amount of our national income on housing. I think there's almost some macroeconomic constraints, apart from everything else, that would stand in the way of a sort of monumental ramping up of the resources for housing.