Thank you for that.
Turning to Mr. Szpilfogel now, I want to go back to something we heard from the recent national housing strategy report. On that, the chief economist from the CMHC said:
The reality in Canada is that about 95% of the rental market is provided by the private sector, so financialization is something that exists by design in our rental market. In an environment of a growing population and more demand for more rental units, we need more financialization in order to get more supply to meet the needs of a growing population.
Financialization is a dirty word around here, apparently.
Could you speak about that a little bit? Do you agree with that statement? Would you elaborate on what he's saying there?