I’m sure the member from Brantford–Brant will get an opportunity to ask a question to the minister here shortly, but I wanted to pick up where the minister left off, talking about development charges.

One of the things we’ve heard, that we’ve seen in the news is, “Oh, my gosh, the sky is falling. Municipalities aren’t going to have the revenue they used to have if they’re out there building affordable housing and/or purpose-built rentals.” I’ve had some conversations with municipalities, and I’d like to remind them that they’re sitting on about $8 billion of reserves when it comes to development charges—I know in my region of Waterloo alone, if you take all the municipalities, it’s hundreds of millions.

So I’m wondering if the minister could touch on what some of the discounts look like for building affordable housing and how municipalities are going to be able to leverage some of the reserves they already have.