Human Resources committee  On that, I might call on Bob Dugan, who's our chief economist. He may be more familiar with the impact of the low Canadian dollar on the housing supply chain.

Human Resources committee  Just to confirm, the request is for information on the impact of the low Canadian dollar on housing supply creation.

Human Resources committee  I will provide that.

Human Resources committee  Mr. Chair, housing affordability is a function of the level of funding that's available. I'm not talking about loans, but the level of grant funding. Real estate development is a very risky venture, and it's very expensive to build new housing in Canada. The rent is a function of

Human Resources committee  I believe that greater investments for deeply affordable housing funding are absolutely necessary. However, I have to also note that the housing system is one system. You need to also have a market housing system that is functioning well. As we've noted in many of our research

Human Resources committee  They are, for the mortgage insurance book, yes.

Human Resources committee  I don't think this is unique to CMHC. When you look at the whole mortgage market in Canada, there's been a very low level of arrears. The biggest factor that drives arrears is unemployment. To date, the employment situation in Canada is very strong. I also want to highlight tha

Human Resources committee  Yes, we'd be very happy to provide that. We provide information on a quarterly basis as part of our quarterly reporting. We'd be very happy to pull the latest information for you.

Human Resources committee  Mr. Chair, I want to clarify that the national housing strategy has very clear targets, which are, for example, 530,000 households whose housing needs are reduced; the creation of 160,000 new units of housing; the repair of 300,000 housing units; the protection of 385,000 communi

Human Resources committee  Mr. Chair, housing is very local. Housing construction is very local. I talk to developers and not-for-profit housing developers all the time. It is very difficult to work through the levels of permitting and approvals required at the local level. In budget 2022, there was a new

Human Resources committee  I'd like to turn this over to Yannick Monaghan, who is our director of client services. He's probably in the best position to provide more detail about how we're working to better support smaller communities and community organizations.

Human Resources committee  Yes, we have that information.

Human Resources committee  We have a process improvement group at CMHC that works with the business. I don't have that specific information at hand right now. Maybe I can ask Yannick to comment on it on a very general level. We can provide the specific details later, if that's okay with you.

Human Resources committee  Mr. Chair, I provided a number of indicators that we measure success by in terms of number of housing units created and repaired, and number of households aided, and we're on track to meet those targets. In terms of the allocated budget being used within a calendar year, I have

Human Resources committee  There's no doubt that especially in the early years of the coinvestment fund there were many pain points in our processes. We've made significant improvements in the processing times and we're working really hard to serve the needs of the amazing non-profit groups that are workin