Thank you very much, Mr. Chair.
Thank you to the witnesses for their excellent presentations.
What we're seeing is the federal government responding to the housing crisis that, frankly, successive Liberal and Conservative governments created. The first go-to is to blame outsiders. Who are they blaming? They blame international students, migrant workers, immigrants and on and on down the line. This kind of approach has unintended consequences, as both of you mentioned, and they can be very significant.
You also mentioned that the approach the government took was a blunt instrument to address this situation. There's a distinction between the public-private partnerships that have taken place and the escalation of the problems that came out. Instead of taking a specific approach to address that, the government took this other, broader approach with much broader implications.
My first question, for Ms. Alboim, is about unintended consequences. I wonder if you can speak about the students already here who will be impacted by this announcement and likely fall out of status. What do you think is the appropriate approach to address that issue? Should regularization for these students, who have invested their time and money in Canada, be recognized?