Madam Speaker, the member raised the issue of a shared equity position that the Government of Canada is proposing CMHC would have for first-time homebuyers. However, he neglected to mention that it is based on income. The maximum someone could receive under the program is four times their income, and in the member's own riding, the median income is just under $30,000. That is not a lot for someone to be able to borrow on and to move forward.
Does he not believe that in areas like his across the country, this amount would not be enough to even support someone, let alone if they actually want to be in partnership with the government and have it as a stakeholder in their home?