Mr. Speaker, I am very happy to have an opportunity to talk about our historic investments in housing. We are making major investments to help Canadians find affordable housing.
Our new first-time home buyer incentive will make it more affordable for first-time home buyers to own their own home. It will lower their monthly mortgage payments.
We also increased funding for the rental construction financing initiative, which will help to build thousands of new housing units.
We knew that Canada required federal leadership on housing, and we have been living up to that challenge for the past three years.