English transcript

As a follow-up, I'd like to hear more about converting

empty condos

into homes for people. Does that involve the government buying extra

stock from

developers and then renting those out or, or reselling them?

Is-- Are there details you can give us on that?

Uh, you have two things. I mean, there's different models,

and we'll work through

the modalities and, and bring it out in, uh, in the fall, is, is what I

said, uh, in French. The, um...

But, but

you can, you can do both and, uh, and my, my view, experts will

design it, but, uh, uh, one would look to do both.

Uh, effectively, though, what you're doing is buying them at

a price, spreading out the financing, because you can do that, the

financing of the underlying condo, uh, at our financing rate, uh,

but targeting, uh, targeting at a level that, uh,

is affordable. So, uh, and it, it, it is a

way to clear off, uh, uh, on, on, on the books of this, uh, this

overhang. Yeah.