Again, I want to thank my honourable colleague for the question. In addition to the record purpose-built rental starts that we had last year, our latest piece of legislation, More Homes Built Faster Act, offers incentives for the construction of more rental units by reducing development fees: 25% on three-or-more-bedroom units, a 20% discount on two-bedroom units and a 15% discount on one-bedroom units.

To further increase rental supply, we also introduced as-of-right policies in our most recent bill to allow for more units to be constructed on existing residential lots. Other legislation allows for basement apartments, garden houses or main residences to have up to three rental units without obtaining additional building permits or paying any additional development fees.

Ontarians deserve to have affordable options when it comes to housing, and as we’ve said before, we’re going to continue fighting for every Ontarian to make sure they do in this province.

Thank you to the Associate Minister of Housing for the answer. In the same report, published by Toronto Regional Real Estate Board, the market outlook for 2023 emphasizes the need for more rental supply to keep up with rising demands. Rental vacancy rates are projected to fall and competition between rental households will increase in 2023.

Owning or renting a home provides a sense of place and pride in community. It offers individuals and families economic security for decades, even during turbulent times. With the team we have at the Ministry of Municipal Affairs and Housing, as was just mentioned by the associate minister, I have a lot of confidence that we can build more housing that people will be able to access. But I want to ask the associate minister once again, what other approaches is our government implementing to address the rental shortage, now and for the future?