It's a great question. I might approach it philosophically to start.
I think we need all levels of government to agree on the kind of housing we're trying to produce. I think we've heard today that one of the primary gaps is, in the market side, where do we create the appropriate family-sized units? I know it's in the reporting that CMHC has had recently, too, so it's not just our view. I think that's widely held.
Then the question is, how do you solve for that? I think HAF has the ability, one, if the policy objective is clear about the kind of housing we're creating—and not just supply but the targeted supply—and, two, there's an ability, and I think cities are experimenters, right? We experiment with partnering to achieve certain objectives.
Cities have the predictability up front to say, “Here's a pot of money and what's the bang for the buck?” If there's a lack of appropriately sized market rentals and family-sized rentals are one of them, let cities experiment with solutions to that. That could be creating incentive programs to help address some of that cost differential. It could be pitching at land; it could be a range of things.
Thanks.