Through the chair, I thank the member for her question.
We need to focus on affordability for young Canadians. Build Canada Homes has a significant commitment along those lines to make sure that we're building affordable housing, first and foremost, that will benefit our younger generation. We have additional measures in this budget for first-time homebuyers, such as a GST cut of up to $50,000 for first-time homebuyers for homes up to $1 million, and an extension for homes up to $1.5 million, which is needed in some of the more expensive markets.
That's very dramatic. We're investing billions of dollars to help first-time homebuyers and young Canadians access their first home.
We're also supporting the home-building industry at a time when.... Our MP was just asking questions about challenges with housing starts. We need to be building more for first-time homebuyers. That incentive is a really important piece of the puzzle, but overall it's about getting our numbers up, getting our productivity up and making sure that we're leveraging public dollars alongside private investment, whether that's developers investing in projects that are helped with financing by Build Canada Homes, or ensuring that we're investing to scale up an industry that makes housing more affordable and can build faster.
It's a comprehensive approach with Build Canada Homes. We're going to see a focus on student housing. We've had lots of proposals coming from student housing developers, non-profit and for-profit combined, to deliver housing for students, which is obviously a critical element for the housing continuum, as well as for middle-market housing for young Canadians to access the market.