You're absolutely right. We're all seeing the impacts of climate change across the country, and it is creating huge costs. Costs have gone from $400 million to more than $1 billion per year—those are insured costs, not costs that aren't insured—and we need to be taking action.
The program has been hugely oversubscribed. The good news is that I have had a discussion with the finance minister. I know that the Federation of Canadian Municipalities has talked about how incredibly important it is. To put it in dollar terms, every one dollar invested in adaptation is worth six dollars of return. You're going to pay in some way, and it's better to pay up front to build resilience.
There's a huge opportunity. I've talked to folks, including many of you, I believe, and I think the threshold of $20 million is extremely high. There are smaller communities that have very good projects to help build resilience to deal with disaster mitigation. We're looking at how we can lower the threshold. How do we make the projects really work for communities on the ground?