I think that's true. I think every move that's made has a positive implication.
I'd just like to say that making it not just for first-time homebuyers but for any primary residence is an important amendment. That would have a bigger impact on movement within the housing system for many people. I'm in this category myself; I'm an empty nester. I still live in the home where I raised my children. Between the land transfer tax and the cost of GST on a new home, there's a disincentive for me to downsize into a more rightsized home. If I did so, I would, of course, be freeing up a home for a young family.
Looking at the entire housing system and removing the GST on any primary residence is really critical.
