Building housing and apartments the way we do now—taking our materials, tools and labour out to a construction site—is inefficient and wasteful. One of the ways to possibly solve this is to build our housing like cars. This would greatly increase the speed and reduce the wastefulness and cost of building homes.
I would like to thank Ontario for making a huge investment of over $30 billion in our EV market to bring in the EV companies to build more electric vehicles. It's this same type of investment that we need in our housing markets to provide the workers and labour force needed for these EV plants.
This capital gains tax will drive away investors and investment in our housing market. This will provide far fewer financial incentives to our entrepreneurs, who have the skills to help us with our housing dilemma. To build the 3.5 million homes by 2031 that CMHC announced in its report, we need investment, investors, entrepreneurs and home builders of all sizes to work with all levels of government to help solve these problems. We need everyone, from mom and pop all the way up to big, industrial factories. We need the government to get on board with investment and incentives, not more tax hikes. This is a step in the wrong direction.
I'd like to thank you guys and all the ministers here for the invitation to speak today. I would like to thank the government for its continued investment in our future through the billions of dollars it's put into the EV plants and into our northern communities to help us tap into our many, vast resources.
Thank you.