I believe that greater investments for deeply affordable housing funding are absolutely necessary.
However, I have to also note that the housing system is one system. You need to also have a market housing system that is functioning well. As we've noted in many of our research reports, there is a big disconnect between the demand for market housing and the supply. When the market is not working well, it puts pressure all across the housing system.
It's for this reason that I think there is a public policy benefit in the government's supporting all aspects of the housing system. Definitely, the bulk of the grant funding should go to the non-profit sector, but it's also super important to focus on the entire market.
For example, I and CMHC are big believers that we have a deficit in purpose-built rental housing in Canada. We have not built rental housing in scale for many decades. There is a public policy benefit in supporting the creation of more rental housing.