Mr. Speaker, I do not think we need to convince a whole lot of people on this pretty straightforward deal. About 100,000 Canadians will be eligible to buy a home within the next three years. For people who want a $400,000 home, we will pay a 10% down payment so they can buy it. This is for newly built homes. The federal government will chip in a 5% down payment for someone buying a second-hand home. I think this is very good news for first-time homebuyers.
Our government is making home ownership more affordable for the first time, allowing people to lower their monthly mortgage payments. I urge both sides of the House to pass this piece of legislation.