When Build Canada Homes was launched, I think they talked about 30% of income. If a household spends less than 30% of their household income on lodging, that's their definition of affordability. More than 30% is not good.
What we find in our programming, though, is that we tend to be more flexible, because affordability used to mean something very clear. In today's context, it can mean many different things. When we used to talk about affordable housing, we talked about it in the sense of social housing, of subsidized housing. Now, affordability has come to be an issue in middle-income families. It's a much larger issue now.
Depending on the type of market we're looking at and the type of problem we want to solve, sometimes, flexibility around the definition for programming purposes is good. On the day BCH was announced, that was a definition that they said they would be trying to work with.
