This particular credit was brought in in 2009 when the housing market across North America was in extraordinary turmoil, with the mortgage crisis that hit the United States and the downturn in the housing market in this country. A stimulus package was brought in, but how do you know how to evaluate whether that stimulus package is still needed? How do you know whether it's needed in certain parts of the country in different ways than in other parts of the country? If you're not evaluating that particular tax policy, it appears to be a tax credit for the sake of making a tax credit, but you have no idea how effective it is, you're not monitoring its effectiveness, and you're not tracking how it's being used and whether it is in fact stimulating an uptake in first-time buyers that might be present with or without the measure.
On May 25th, 2015. See this statement in context.