Well, the private sector is delivering a lot of housing in most of the Canadian markets. It's Vancouver and Toronto that are challenged and that's where the first-time homebuyer's tax credit can make a real impact. That's where the apartment construction loan program is delivering record levels of rental housing, working with the private sector very directly through CMHC. We're seeing housing starts about 4.6% up year-to-date versus last year.
The industry is building right now. We have to be looking forward several years and that means investing significantly.