Well, I have some good news for the young people who are looking to rent. I was a renter myself. There were historic number of starts last year in new rental starts here in the province of Ontario, in 2023. That’s great news, because again it comes down to that fundamental supply-and-demand imbalance.

If you don’t have the opportunity to have a large amount of supply, in this case, of rental housing coming onto the market, guess what? You’re going to have a lot of people bidding on a limited number of spots. What does that lead to? Price inflation and ultimately high rents. Bringing more supply onto the market is the way of ensuring that we bring those rents down. You can see this in jurisdictions across the world. When you have an oversupply or an increased supply of rental housing, as we’re doing with the policies that this government has brought in place, those solutions will come forward.

Unfortunately, there’s still the consequences of years of Liberal inaction on building rental housing that we’re all paying for.