Madam Speaker, we are very aware of the challenge faced by hard-working families who call cities like Vancouver and Toronto home.
The very first action of the Minister of Finance, barely a month after being sworn in, was to take measures to address pockets of risk in markets like Vancouver and Toronto by increasing the minimum down payment of insured mortgages above $500,000.
In budget 2016 we increased the amount that we will give to Statistics Canada to study the impact of foreign ownership—