I don't have the figure itself in front of me.
However, it is the case that researchers Steve Pomeroy and Duncan Maclennan have done research looking into the loss of affordable units. They associate this with financialization of housing. What we're seeing is that financial firms are buying existing multi-family housing and driving up the prices of that housing in the way that I and the other panellists have discussed.
Because that housing is becoming more expensive, we're losing affordable units and our existing stock is being consolidated. Ownership is being consolidated by financial firms whose business strategy is to make that housing more profitable for their investors, which has the effect of making that housing less affordable for Canadians and of losing affordable housing stock.
We've heard reference to this request for an acquisition program that would allow the government to support non-profits in acquiring existing multi-family housing to stop that loss of affordable housing as it's being bought up by financial firms and being made less affordable as their business strategy.