Thank you very much, Chair.
Thank you, Minister, for taking the time to be here at our committee.
We know that Canadians are facing a housing crisis. Something that has been said in the House, not just in this Parliament but also in previous Parliaments, is that a major driver of high costs is slow construction due to government itself. This is through red tape. This is through taxes. This is slow approvals. Builders have constantly told our committee—again, not just this Parliament but also the Parliament previous—that less government involvement, not more, is what would allow them to build homes faster and more affordably.
A few minutes ago, you commented to my colleague that government needs to be careful with taxpayer dollars, that it's something the government should be cognizant of. My question for you is, why couldn't two other Crown corporations, CMHC and Canada Lands, receive these funds to do the work, as opposed to creating a whole new bureaucracy and a whole new Crown corporation?