Mr. Speaker, we remain firmly committed to tackling the crucial issue of housing affordability in Canada. Our government is focused on ensuring that Canada's residential housing stock is not used unproductively by non-resident, non-Canadian investors. That is why we are proposing an annual 1% tax on the value of non-resident, non-Canadian owned residential real estate that is considered to be vacant or underused.
On top of that, budget 2021 is our fifth consecutive budget where we are investing more than ever before in affordable housing for Canadians.