It's about the last 30 years. It's great to see a lot of focus being paid to reinvesting in the supply of housing, especially rental housing and especially non-market and affordable rental housing. CMHC did come out with a study—I think it was just over a year ago—saying that we need to increase the pace of new home construction by over three million units to catch up and balance that market. It's coming up with a follow-up study to break that down by income groups. I think we need to target and keep our eye on affordability as we're trying to solve an affordability problem. We need supply, but we need to target the supply that is going to make the biggest impact, and that's the supply that's accessible to people with middle and more modest incomes, which is difficult for the private market to produce on its own.
On June 6th, 2023. See this statement in context.