Madam Speaker, the first-time homebuyers mortgage program is designed to create a pathway to home ownership in a new and different way, which supports first-time buyers by supporting them in acquiring their down payments.
We recognized, as we rolled the program out, that Vancouver and Toronto required exceptional bandwidth and a different quantifier in order to make this program more successful. The throne speech is committed to doing this and we will see measures in the upcoming budget that will actually accomplish the issue raised by the member. Real estate values in Toronto and Vancouver are different and we need to make sure the approach is different in those two cities as well.