Thank you very much, Mr. Chair.
I also thank the witnesses for being with us in person this afternoon for this discussion.
I'll preface what I say with something I said in the earlier panel. We have been trying to tackle the housing crisis since 2017 with the national housing strategy. We've put a lot of programs in place to build market and non-market housing. We have not been able to move the dial on the non-market side. We still have the lowest stock of non-market housing. I understand from my colleague that market housing is important, but non-market housing is equally important, and it will have an impact on market housing.
I want to understand this, and maybe I'll start with Mr. Baird very briefly, because I have many questions. Do you agree that what we've done before has not yielded the results we were hoping for? It's yielded a lot of results. We've built hundreds of thousands of homes with the CMHC programs, but we need to do more.
We need to do something else if we're going to make homes affordable for people who want to rent them, buy them and live in them, and BCH, an organization that focuses on that with all of the funding tools it has and with its spurring of the modernization of the industry, is something we should try.