Mr. Chair, housing affordability is a function of the level of funding that's available. I'm not talking about loans, but the level of grant funding. Real estate development is a very risky venture, and it's very expensive to build new housing in Canada. The rent is a function of the level of equity and the level of grant funding that's available to the proponents.
My view is that it's not a sole federal government responsibility to provide that funding. All levels of government need to be very serious about supporting the affordable housing sector. The way to do that is to provide more generous contributions to the non-profit sector.