First, let me just address your preamble. I'll acknowledge that you recognized that some of the programs are effective in terms of delivering housing for low-income families. You specifically mentioned the rapid housing initiative.
On the financialization of housing, there's no one policy that will completely cure the circumstances. We need to continue to do more. There's no one level of government, by the way, that with the stroke of a pen can solve all of the challenges such as, for example, dealing with people who may be buying up homes and evicting tenants so they can increase the price. There could be mixed jurisdictions from different levels of government, but there are some things we have done—and I acknowledge that we could do more—things around additional taxation on the flipping of homes, things around additional taxes for foreign-owned unoccupied homes or changing the tax rates for short-term rentals like Airbnb. These are all things we have made progress on, but that, I would argue, we need to continue to do more on. Housing, to me, cannot be a commodity. It has to be a place for families to live in real communities.
If you have advice on further areas we can tackle that don't interfere with the ability to continue to grow the supply, that's something I think we could co-operate on.