Thank you.
Ms. Bowers, can I ask you about innovation?
You talked about the number of homes that are required, not just in the affordable sector but also in the market sector, to satisfy demand.
Many of the construction methods we use today we've been using for 100 years. My friend and colleague and I had an opportunity to visit the Element5 facility in St. Thomas to see some of the innovative methods they're using to build mass timber projects. I also had the opportunity to tour NRB, which is another modular company that is providing some innovative things. However, they certainly aren't prepared or don't have the capacity to build the number of homes that are required by 2030 or even by 2050.
Can you talk about what CMHC is doing to drive innovation within the sector to ensure that we are able to build, domestically, the amount of supply that's required for Canadians?