Madam Speaker, the member for Sherbrooke is correct.
Witnesses at the Standing Committee on Finance said that the government will be playing the stock market with part of people's homes. We have no details on how this will work or how much it will cost. The president and CEO of the CMHC said that this measure would have a marginal impact, while some Liberal members in committee described it as transformative. They said that this would change everything.
Even reports from the CIBC and TD Bank say that the impact on the market would be 0.2% to 0.4%, at most. This is a marginal impact. Furthermore, the government wants to spend $1.25 billion on this project, when it could be doing something else with the money. This is a big failure for the government in this budget.