Thank you very much, Mr. Chair.
I want to thank the witnesses today.
This issue around housing affordability is a huge issue, and I know it impacts the entire country. In my riding, currently there are 81,000 home requests just for Toronto community housing, which is astonishing. I know that's replicated right across the country.
I just want to say thank you to the witnesses for the work they're doing to look for alternatives to bring in affordable housing.
My first question is to Joshua.
You talked about the difference between short-term and long-term affordability. You said 49 years versus a short-term period. Can you briefly explain that a bit more, please?