That's great.
Would you also clarify why you would suggest cutting GST for all homebuyers? I think homebuyers who already have a home are accumulating equity and benefiting from the appreciation value in those homes upon resale. It seems to me that we're here talking about measures that can help first-time homebuyers get into a market that they've been excluded from due to cost barriers.
We heard from officials just before you came that 97% of new homes are under $1 million and another 3% are between $1 million and $1.5 million. This measure of the GST rebate really does target first-time homebuyers. I'm wondering, because I don't understand the rationale for why we would want to help out individuals who have the benefit of owning equity in a home, rather than targeting first-time homebuyers.