I'll just add that we're talking about a very complex array of arrangements regarding housing from coast to coast to coast, with a lot of players. Some are in the public interest and some are in the private interest. We've had a major shift in the market relating to the fact that people now see housing as an investment instrument rather than a place to live. We've had low interest rates that have artificially inflated the housing market. We've had some rent controls in the past that have positive and negative impacts.
We have a real crisis on our hands. I think we're looking at all of the tools that may be available to help address it. Some of these are systemic questions around provincial regulation and municipal actions. Anything the federal government can do to help will be welcome.
The rapid housing initiative is an example of very effective federal program that saved lives in this province during COVID. I think we have an opportunity here with this fund to put together an array of supports that help deepen affordability, help protect existing rental stock and help municipalities do a better job of fulfilling their responsibility in the public interest.