Thank you, Mr. Chair.
Welcome, Minister and Deputy Minister.
I want to start off by saying that I have personally noticed how quickly Build Canada Homes has been moving. Whether it is the investment in the Arbo site at Downsview and the waste-water infrastructure that goes along with that, which will help unlock literally tens of thousands of new homes very close to my constituency, or it's a really innovative project in my own community, which will be breaking ground on 500 new rental units, 150 of which will be affordable, and unlocking municipal land in the process, these are examples of the type of housing stock we need right now in Canada. That's what I wanted to start with: I'm noticing how quickly some of these projects are moving, in a short amount of time, very directly for my community in Toronto—St. Paul's.
Minister, maybe I can ask you to help explain and clarify for all of us what it means to transition Build Canada Homes into a Crown corporation and how that transition will help deliver results for Canadians and help Build Canada Homes achieve the mandate you've set out for it.