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Human Resources committee Thanks very much. I can be fairly quick with that, I think, Mr. Chair. My next question is for Mr. Sullivan. I know the two gentlemen speaking from the perspective of the private sector rental housing providers acknowledged the importance of the not-for-profit sector as well.
June 6th, 2023Committee meeting
Dr. Gaëlle Fedida
Human Resources committee Thanks.
June 6th, 2023Committee meeting
Dr. Gaëlle Fedida
Human Resources committee I'm sorry. I'm running out of time, but I really want to quickly ask you this. What do you think that the right mix should be? You mentioned that it used to be about 6%. Now it's about 3%. What's your opinion? What is the right mix?
June 6th, 2023Committee meeting
Dr. Gaëlle Fedida
Human Resources committee Thanks. Can you—
June 6th, 2023Committee meeting
Dr. Gaëlle Fedida
Human Resources committee Thank you. Further to that, you note that the not-for-profit sector is another important part of this mix. You're not suggesting for one second that there's not a role for not-for-profits or co-ops and that kind of thing to be a part of solving this problem.
June 6th, 2023Committee meeting
Dr. Gaëlle Fedida
Human Resources committee Thank you for that. Turning to Mr. Szpilfogel now, I want to go back to something we heard from the recent national housing strategy report. On that, the chief economist from the CMHC said: The reality in Canada is that about 95% of the rental market is provided by the private sector, so financialization is something that exists by design in our rental market.
June 6th, 2023Committee meeting
Dr. Gaëlle Fedida