Yes, I think it will help. It's a targeted measure to get up to 47,000 homes a year into the hands of first-time homebuyers and save them money in the process.
We do have a glut of supply in Toronto and the GTA market, and in Vancouver as well. It would be good to see many of those homes sell to first-time homebuyers in the near term, and the sooner this bill can be moved to royal assent, the better. I would urge the committee to advance this ASAP so that we can offer both first-time homebuyers and the developers on the market side the opportunity to move that stock of housing that is not selling right now. It's on the market but it's not moving, and as the member stated, we need to see those sales so that more new homes can be built.