Mr. Speaker, for middle-class Canadians buying a home is probably the most important investment they will make in their lifetimes. Since increasing the down payment requirement in December, the minister has been doing a deep dive with his provincial and municipal counterparts.
I am proud to say that what he announced today were preventive measures to ensure long-term stability in the housing market in Canada. These will do three things. They will bring consistency to the mortgage rules, they will improve tax fairness, and they will protect taxpayers. That is what Canadians expect of us. That is what we will deliver.