Madam Speaker, it is the government's job to incentivize various parts of the marketplace from time to time when it sees the need for the betterment for society. Sometimes we do that with respect to encouraging the growth of a particular manufacturing sector, such as we have seen with electric batteries and the car revolution that is coming along with EVs, and sometimes it is about incentivizing through removing the GST on building new rental units.
On the topic of affordable housing specifically, this is just one tool of many. I have made various announcements that are based on different levels of government support. We may see the rents in a particular building being required at 80% of CMHC market rents and sometimes as low as 50% or 60% based on the supports that have been received. We also have supports for rent that is geared to one's income. The member would know that the ministry responsible deals with that as well.
This is one program he mentioned, but there is a whole host of programs. We have to approach housing from a holistic perspective. If we were just doing the one measure he mentioned, it certainly would not be enough, but we are doing a lot more than that.