In what we've been talking about—and it's really important whether you're talking about non-market or market housing—there needs to be a certain amount of predictability and consistency.
I was personally disappointed when the head of the CMHC, at the beginning of the national housing strategy, said that we can have an adequate, affordable home for all Canadians by 2030. I would have loved to see the evidence that this was possible. I still look forward to some sort of “plan” that shows what the timeline is.
The timeline can't be the next decade. There was a whole generation from 1992 to 2017 where the federal government was out of housing policy, and it showed. Those were also the three decades when homelessness started to increase and affordability became much more of an issue.
To me, the gold standard of a CMHC program is MLI select, because it provides a low rate for a long period of time. That was what it took in the 1970s and the 1980s to scale up non-market housing to 14% of completions—not the 2% to 3% it's been under the national housing strategy.