Thank you for your question.
We've had extraordinary interest from the private sector in the start-up phase of Build Canada Homes. We have great numbers already committed, with over 10,000 homes in the works right now. The private sector plays a critical role, as said earlier, and it's essential in the building piece in particular. We need to make sure that private sector actors are right in the centre of these partnerships where they can build fast and effectively.
The market is slower, particularly in Ontario and B.C., and there are real opportunities to build more affordable housing in those markets. When we can bring some support alongside provinces, territories and cities, we have an opportunity to make this collaboration very successful. It delivers a combination of housing, from middle-market rental to deeper affordability depending on the financials of the project.
We're seeing lots of very creative proposals come forward. We're also seeing a real willingness on the private sector side with manufacturing components. For Build Canada Homes, we're driving the pace of modern methods of construction and making sure we're using Canadian materials as much as possible, but innovation and building technologies are needed to make this industry more productive, more efficient and more innovative and to be able to build more affordably. We're seeing lots of uptake on that front too.
There are very interesting collaborations by private sector developers with community builders and with manufacturers in building technologies that will ultimately bring down the cost of building as we go forward.