It's a very good question.
The new structure is all about speed—being able to fund projects faster—with more collaboration with different private sector and community builders, and making sure that we're working both with communities and with the provinces and territories collaboratively.
We're seeing very strong signs of that right now with Quebec in the agreement that we've reached. There's definitely a strong signal around building in communities of all shapes and sizes. In rural communities in Quebec, we anticipate seeing, just as in New Brunswick.... In New Brunswick, over 30% of the initial 1,200 units will be in rural communities. We want to make sure we're getting the housing where it's needed to communities of all sizes.
The new model is more nimble. It is very focused on delivering affordability, so this is not just straight-up market housing. CMHC continues to have programs for market housing, the apartment construction loan program and MLI select being their two centrepiece programs that really catalyze more rental and market housing.
This is focused on delivering affordable housing. That's at the core of our work. The way we do that is by being more nimble with proposals. Rather than a prescription, we're giving flexibility to Quebec, to communities that bring projects forward and to private sector and community builders that come forward with different projects that the Build Canada Homes team can review, vet and act on much faster than a federal government has typically moved before.
