I want to take a moment to zero in on the question of social housing, sometimes called deeply affordable housing, deep affordable housing, or, more explicitly, just rent geared to income, where rents are actually calculated as a function of the income of the tenants, usually in the range of 25%-30% of their income.
If the witnesses will indulge me, I want to go through the witness list and ask if they think, with a yes or no, there's any possible or meaningful market solution to the question of rent-geared-to-income housing, or whether they think it's an area that requires active government intervention.
Mr. MacBeth, I'll begin with you. Do you think there's a market for building rent-geared-to-income housing in Canada?