I totally agree. I think we need the right mix of the two.
The city is already in construction mode, in terms of its by-laws and new programs and in terms of the rapid housing initiative—the RHI—the AccèsLogis Québec program and the AccèsLogis Montréal program, among others.
The construction pipeline needs to be fed. What can be done right away, given that the construction of new housing units can take time, is to socialize housing, in other words, remove housing units from the market logic and purchase and renovate them. The City of Montréal believes in that. As well, line 3, the innovation line—a program for social, community and affordable housing—has already been funded. Funding has been provided to organizations that purchase real estate complexes, that can renovate them, within a certain amount of time, and that ensure that the affordability is sustainable.
Of the 60,000 housing units that the City of Montréal wants to offer over the next 10 years, a significant proportion will be social housing. It must be possible to acquire and maintain affordable housing, so housing that is not expensive.