It's a great question. We talk about how it really does need to be an all-hands-on-deck approach. Every level of government needs to be committed to getting more rental housing built. I guess in the context of these hearings and this meeting happening today, you want solutions and we want to provide them; but certainly, as I said in my remarks, policies that would disincentivize, that would in fact make it tougher to get housing built, seem like completely the wrong approach to be taking. We need every level of government to say, certainly as relating to purpose-built rental housing, that it is a priority. We haven't had enough built for several decades, and what can we do to improve on that?
So whether that is through the housing accelerator fund or through CMHC providing better rates for loans to be able to get projects into the ground, the federal government does have the capacity to do things through those mechanisms that will help make the economics work. We have members—and certainly Mr. Dixon can speak to that—who want to build housing. That's what they do. They want to do it. But the economics have to make sense for that to take place.
You mentioned the municipal approvals, and the provincial government of Ontario is doing a lot to try to make that better. The federal government's role to me is providing support through things like CMHC and not doing things through taxation that would only disincentivize and drive investment to other jurisdictions or other countries. That's not going to get housing built. Let's focus on saying we need to say “yes”, not “no”, and how do we actually make this happen through every level of government using the tools that they have at their disposal to make it happen.