This is only for first-time homebuyers. It wouldn't help, for example, somebody who lost their house because of the affordability crisis. It wouldn't help a young couple who has a condo and wants to buy a house. It wouldn't apply to a senior who wants to downsize. It wouldn't apply to all these groups of people who may want to buy a new house. It only applies to first-time homebuyers and at the limited $1-million mark.
Again, why go halfway on the GST rather than apply it to all new houses if we're actually trying to support and boost the industry to build more homes?