Madam Speaker, our government believes that all Canadians deserve safe and affordable housing. That is why we have invested more than $2.3 billion over the next three years to do just that.
We also increased the down payment requirements in December to address pockets of risk, in particular in Toronto and Vancouver.
In budget 2016, our government has also allocated $500,000 to Statistics Canada to study the phenomena that were causing some of the housing prices to spike, and we will be looking at policies and opportunities to make sure that we sustain affordability in the private market. We will continue to keep our focus on that issue, because it matters to Canadians.