Yes, sure.
As I said before, it's a balance of interests, but I think this is where it's instructive to look at what other jurisdictions are apparently doing better than we are. I've been to Tokyo a few times. That's a city with almost the population of Canada, and I was fascinated that they have not had the housing crisis that we have had, and they have very good housing. It's a complicated story. About 5% of their housing is what you would call social housing.
Transitional housing was an interesting question. We donated a transitional housing project. It was something we did. I've been involved in a research project with CMHC and with women's shelters with the YWCA and the Schulich School of Business, and yes, we need transitional housing. It needs to be transitional, not transitional housing that becomes permanent housing, but it's vitally important. Especially in the world of mental health and things related to that where people are struggling and need a place to call home, a respectful place to live to turn their lives around, it's vitally important. Do we have enough of it? No. Do we need more? Yes. Is there a role for the state there? Yes.
In my view, at the end of the day, if 90% of the housing that we've produced is in the private sector, make sure the market is working efficiently. It isn't right now, by and large. It isn't working as efficiently as it could be. Also, make sure that you're building whatever the number might be at the end of the day. I can't speak to that. Mr. Ross and Ms. Lussier are much more knowledgeable than I am on that, but make sure that we're dealing with that as well. It's vitally important.