Thanks, Mr. Chair.
I want to move a motion that we've put on notice. I'll read it for you.
Given that, in order to save Canadians up to $50,000, reduce mortgage payments by $2,200 every year on a typical home, and build 30,000 more homes every year, the committee report to the House its recommendation to remove the federal GST on new homes sold for under 1 million dollars.
Mr. Chair, I don't think this is a surprise to anybody. It's been on notice. When 30% of the cost of a home, on average across the country, is government charges and fees, I think this would be an important move by the federal level to lead by example, to get other levels of government to reduce their charges and fees on the cost of a home as well. When you think about 30%, you realize there are people borrowing money to pay their government charges and fees. A portion of their home purchase would be borrowing money, especially if they have a CMHC-insured mortgage, for example. You can imagine that's pretty crazy.
We think this is actually a really smart move. It's a way of leading by example, and we think that we should report this to the House.
I would like to move that the motion.