We don't have figures like that, because when you introduce a measure like this amongst many other measures that are being introduced, not just tax measures but other types of federal measures, and not just at the federal level but also at the provincial and municipal levels, and then a variety of factors that have nothing to do with the government at all, such as interest rates, economic conditions, the availability of labour, costs of inputs, etc., those all impact housing prices and, in turn, demand. It's very difficult, if not impossible, to put a precise estimate on the number of newbuilds that will be created as a result of this one singular measure.
However, directionally, we expect it to increase demand for new homes by first-time homebuyers. That increased demand, if those new homebuyers are encouraged to buy a new home rather than an older home that has no GST on it, would be expected to generate a supply response from builders.
