During the three year private capital hiatus the Ontario government has also remained firmly on the sidelines, providing no direct construction capital, discount borrowing facility or injection into non-profit or co-op housing corporations. Rather, its PC masters have constrained the Ontario government, limiting state-led action to a series of fiddles to lower investment taxes, cut approval processes and reduce affordability requirements. The result has been record low housing construction, tightening housing markets and hedging against even deeper price and rent drops.