Thank you, Mr. Chair.
Thank you to the witnesses for their attendance today.
I think we need to set the record straight, first and foremost, on the national housing strategy and what it has provided in terms of supports. Just to be clear, to date it's $30 billion for 440,000 units, and that's not just new units but renovation and repair as well. I think that's important to get on the record.
Ms. Bond, I think I wrote this down properly. You mentioned in your submission that 28,000 residential homes per year are approved by the City of Toronto and 15,000 are built. I wrote down here that 60,000 are permitted but not built. We have a Conservative leadership candidate who has tried to portray municipalities as the bad guys for the lack of housing supply. As someone who's been in the municipal field for 25 years, I know full well that municipalities are doing everything they can, and your numbers certainly dispel the myth that's been created by this person.
Thank you for providing that, but can I just confirm I have those numbers right? You said 28,000 units per year, 15,000 of which are built, and 60,000 that have been permitted but haven't been constructed by the developer.