 So our budget this year is about building an economy that is fair for everyone and one of the things that really doesn't feel very fair these days is the price of housing. It used to be that if you worked hard at a good job, you could afford a roof over your head. Après des décennies de manque d'investissement et d'inaction de la part de tous les niveaux de gouvernement, la classe moyenne a l'impression que c'est impossible d'avoir un bon logement abordable. C'est une situation inacceptable. Il faut que ça change et le meilleur moyen de faire baisser les prix est de construire plus de logements. That's why our government is stepping up to build homes faster than we have in generations. As a federal government, we've been taking leadership and making those generational investments to incentivize and support more supply. Housing gets built when every order of government steps up and our private sector and non-profit partners have the right incentives to get shovels in the ground. Well, today we're announcing that upcoming budget 2024 will invest in a new initiative we're calling Canada Builds. Canada Builds is going to turbocharge affordable apartment construction in partnership with provinces and territories. It'll provide low-cost loans, help speed up development and build projects at the scale necessary to meet the urgent needs of Canadians. Let me walk through the details. We're going to make a massive injection of funding into our existing apartment construction loan program, another $15 billion available. And we're going to make the entire pot of funding available for matching partnerships with provinces and territories who come to the table with ambitious and fair housing plans. Plans that get homes built quickly and at scale. Plans that build the right housing for the right places, whether low-rise or high-rise, one-bedroom or multi-bedrooms. And plans that meet the existing expectations that this fund helped build apartments that the middle class can afford. Funding built for hard-working nurses, teachers, first responders, and even the very construction workers that will help get these units built. And we're also going to make innovative reforms to the apartment construction loan program, reforms that will expand access to these funds so we can meet the needs of Canadians at every age, whether young families, students, or seniors. That'll help us fast-track the application process for proven builders. It'll encourage getting projects built on a bigger scale. These reforms will help make the math work for builders and speed up construction. Canada Builds is itself based off an idea that British Columbia came up with, and it's an idea that is fundamentally practical and fundamentally fair. Where provinces and territories show leadership, our government is ready to partner. And today, we want to scale that ambition up right across the country. Today, we're announcing the initiative, Build in Canada, which will allow us to build affordable housing from one end to the other from the country. The initiative will help partners to build more local housing, partners like governments, builders, promoters, and non-cretive organizations. With our program ready for apartment construction, we're going to establish partnerships with provinces and territories and offer them low-cost loans. And we're going to reform the program to finance more housing for elderly people, students, and families. We're going to ensure that we build apartments with affordable rents that meet the needs of all generations. And for housing in Quebec, of course, we're going to continue to work in partnership with the province. Canada builds, initiates new levels of ambition with provinces and territories, and incentivizes builders all to get more homes built for the middle class faster. And we need this from coast to coast to coast in communities of every side. Canada is a big country, and when we take a Team Canada approach, there is no challenge too big. In working together, we can build housing at just prices that meet the needs of our country in the middle of growth. We can build housing that meets your needs, no matter where you are in life. So let's get to work, build lots more homes, and build an economy that is fair for every generation.