Thank you, Mr. Chair.
Thank you, Minister, for coming.
I want to get right into it.
You indicated that removing the GST from all new homes under $1.3 million was too sweeping a measure, yet the CMHC reports that we need to be building about 480,000 homes a year. Your government, in fact, during the campaign, promised to do 500,000 homes a year, and yet starts have stalled, basically.
Given the scale of the housing crisis, could you tell this committee what concrete benchmarks your government is using to decide if the incremental steps you've announced are going to work, if they are working and if you need to take bigger steps?