Mr. Speaker, what we have seen with the B-20 stress test is that it is forcing new homebuyers, some first-time buyers and millennials, to alternative lending institutions, which, of course, as we know, have higher interest rates. This is actually putting those millennials, the very same people the government says it wants to protect, at more of a disadvantage. We are also seeing that it impacts Canadians in rural communities the most. We are also seeing that if they are being denied a home, they are actually taking some of those funds they were going to put into home ownership and are buying higher-valued vehicles. They are still finding a way to spend that money, just not on home ownership, which is actually putting the Canadian market and Canadians at a further disadvantage.
The government has not thought this through, and it is having a detrimental effect on the industry.