I listened with great interest to the minister’s debate. She touched on some figures, and I think that was very important. She talked about some of the supply and how that affects the values of rent in Ottawa.

Rent is an important discussion. We don’t need to think back very far to actually think about how numbers affect that rental market. Think back to the spring of 2020 and all the way through to the following year in the spring of 2021. We weren’t talking about rent prices in this Legislature. Now, why was that, Speaker? Because the demand cratered, and that supply-demand imbalance corrected it, albeit temporarily. But the point is, supply and demand is the fundamental part of this equation that is leading to the high rent prices that we see. There’s no doubt supply is important on the rental side.

Two million more people are coming to this province in less than a decade. If status quo was working, we wouldn’t need changes. Can the minister talk about some of the urgency required in correcting this imbalance in supply and demand?