Human Resources committee  Like many companies, we review our pay and salary structure on an annual basis. We do this to ensure that the pay is appropriate based on market conditions.

Human Resources committee  I'm sorry. I don't recognize those numbers. We have an initiative called the federal lands initiative, a $200-million investment over 10 years to create 4,000 units. We've allocated about $169 million of the $200 million. Currently, we've committed to almost 4,000 units. I'm no

Human Resources committee  Yes, they are.

Human Resources committee  I don't know the exact percentage, but usually we have between 200,000 and 250,000. I think there has been a decrease of about 15,000 since last year.

Human Resources committee  CMHC bonuses, or incentive pay, are based on the individual performance targets of various employees. CMHC runs a commercial business that generates close to $2 billion in income for the federal government annually. We manage a balance sheet of close to $30 billion. I employ a

Human Resources committee  I actually don't know if I'm tabling them today, but if you have not received them, I will look into why that's the case, if that's the question.

Human Resources committee  Chair, I will look into this as soon as I finish this meeting and get to the bottom of why they have not been provided.

Human Resources committee  This is an area where there is a data gap. Based on best available data, we think there are probably about 30,000 units across the country. Like other areas of housing, this is an area where the data is provided by Statistics Canada. I think much more needs to be done in terms of

Human Resources committee  I can't comment on initiatives to buy these units by the federal government, but I can comment that if there are indeed 30,000 Airbnb units available, if they do come available on the market, they will increase the supply available for Canadians. I would like to note that the s

Human Resources committee  I don't believe that the private sector is the sole solution to the housing crisis. I actually believe that to create deeply affordable units for those most in need, the government has to play that role of creating the housing. There is no way that the private sector can provide

Human Resources committee  With respect to the funding from the national housing strategy, which supports those Canadians most in need, we have very strict requirements regarding the level of affordability and the length of affordability. With respect to other types of housing, which are more market-orien

Human Resources committee  Yes. We can certainly provide that.

Human Resources committee  We at CMHC look at our processes on a continuous basis. We survey our clients, whether they're successful in getting funding or not, to get their feedback, so we can actually improve on a continuous basis. In terms of progress, since the start of the national housing strategy we

Human Resources committee  As I mentioned in my opening remarks, we feel there are two crises in Canada. There is a crisis in affordability for the most vulnerable populations. The reason for this crisis is that for the last 20 to 30 years, we as a nation have underinvested in social or community housing a

Human Resources committee  This subject matter is outside my area of expertise. One thing I can note is that at CMHC it is a very challenging environment for housing construction, given the interest rate environment and also the inflationary impact on supply chains. Through our low-cost financing and oth