Mr. Speaker, I will not restate what has been stated so many times, that of course this budget is again not meeting the Liberals' 2015 campaign commitments to balance, but I am going to target one area that people were interested in but are now a little disappointed about.
I had someone reach out to me and say, “Listen, I am in my thirties. I would really like to get into the housing market. I do not have an RRSP that I can take $35,000 out of. That is number one. Number two, I am in a market where to find something under $500,000 is going to be a very significant challenge.”
The most important question he asked, which I could not answer, was, “Number three, if I enter this new program, is it an interest-free loan, or is the government going to have equity in my home? If so, is it going to take the equity out at the end?”
I could not answer that question. I am hoping my colleague can, because it is one of the important measures that Liberals are heralding in this budget.