What would that mean for the pool of rental housing available to the everyday Joe like me?

Yeah, I mean, there's a whole bunch of factors at work right now.

Certainly, the collapse of the condo market is a really interesting one.

And again, if you're talking about Alberta, I wouldn't say the collapse has been as acute, but basically what happened in the whole south of Ontario and the whole South of BC is a condo prices just got so ludicrously high that they lost their market and the idea that they were going to be a safe investment that a person could buy and then resell for a higher price is starting to be disproven.

So really, when you're looking at a 10 to 30 story building, it's going to be one of two things.

It's going to be for sale, which is actually easier to build because you have to have a certain number of guaranteed buyers.

And then you've sort of got your capital or much more patient capital that's building an apartment building and hoping that The rents will pay for the costs of building it over a long period of time.

Does it look like it's on the right track?

Hmm.

There's a lot of risk associated with these condos.

For one thing, you're just buying a few units in a building that may have unknown maintenance fees, and also may be very difficult to manage with a mixture of renters owned by, question mark, the government, question mark, a nonprofit, and, um, private, uh, investors or people who've bought these condos in order to live in who may not want affordable housing under the same roof.

So a good acquisitions program would be looking to keep housing affordable because we've been losing so much affordable housing.

And it would look at what kinds of units people need the most.

Turns out that the market did not agree, and that, that they are being compensated in some ways for a bad decision.

Matt, I think the most important thing is to look at outcomes.

Are the outcomes to create more homes that are affordable to key workers? Are the outcomes to end homelessness, which has, you know, tripled in BC, um, pretty close to tripled in Toronto? Um, are the outcomes to make middle class affordability more, um, attainable? Um, I think we need to be a lot clearer on what kinds of outcomes we're trying to reach, and I'd say that's true of housing policy in general.