Good afternoon.
When we talk about equity in the context of the affordable housing market, we have to distinguish between, on the one hand, median rents based on the market in general and, on the other hand, rents based on the incomes of the most vulnerable households. We find that affordable housing programs are generally based on median rents.
But do these median rents really meet the needs of the most vulnerable people we want to support in the area of housing? We need to ask ourselves who we want to target.
To establish equity in the supply of social housing, we must first ask ourselves who we want to serve when we develop projects related to affordable housing, whether they are called community or social housing.
I agree with you about the definition of housing affordability. There is an urgent need to define this notion. I don't think the provinces and the federal government all have the same definition of what is affordable.