Hon. Tony Loffreda: Minister, we discussed the government’s intention to reduce real estate holdings. We know there is a plan that you will do so over 10 years, but that seems to be a long time. Is there any intention or effort to do it in a shorter time frame? We’re talking about homelessness in Canada and housing affordability — concerns that are major and important to Canadian citizens and communities. Is there any possibility of making that a little quicker than 10 years?

We know that to fix the housing crisis, we need quick and substantial actions in the short term but also investments in the longer term. We are in a world where the demographic changes will not stop. We have an aging population, smaller households on average, and the needs of Canadians and our seniors are also changing. This requires different types of housing units and locations in a manner that is protective of their safety and the health of their environment. It must be a longer-term plan, but it also has to be, as you said, a quick, expedited plan to support housing for Canadians.