Committee members, the clerk has advised me that we have a quorum and that those appearing virtually have been tested for sound quality, so I call this meeting to order.
Welcome to meeting number 72 of the House of Commons Standing Committee on Human Resources, Skills and Social Development and the Status of Persons with Disabilities.
Today's meeting is taking place in a hybrid format, pursuant to the House order of June 23, 2022. Members are attending in person in the room and virtually using Zoom. To ensure an orderly meeting, I would like to advise you to please wait until I recognize you by name before speaking. For those appearing virtually, please use the “raise hand” icon at the bottom of your screen. As well, you have the option of choosing to speak in the official language of your choice. If interpretation is interrupted, please get my attention. We will suspend while that is being corrected.
As well, please remember that no screenshots of today's meeting shall be taken while it is in progress.
Pursuant to Standing Order 108(2) and the motion adopted by the committee on Monday, October 17, 2022, the committee will resume its study on the financialization of housing.
Again, for the witnesses appearing virtually, sound quality has been checked and we're okay to go.
I would like to welcome our witnesses to begin our discussion with five minutes of opening remarks, followed by questions. I would ask witnesses to please stay as close to the five minutes as possible.
Appearing in the first hour is Christian Szpilfogel, chief investment officer at Aliferous; Ray Sullivan, executive director, Canadian Housing and Renewal Association; and Michael Brooks, chief executive officer, Real Property Association of Canada.
We will begin with Mr. Sullivan for five minutes, please.