Mr. Speaker, in my riding of Peterborough—Kawartha, 26-year-old Jonathan and his partner will soon be the proud first-time homeowners of an 1,100-square-foot, two-bedroom bungalow with no garage for a screaming deal of $729,000, but wait: There is more. CMHC will take another $20,000, and they get to pay another $1,600 in taxes to CMHC.
We have a housing crisis. People need homes they can afford. Why are we punishing first-time homebuyers and rewarding CMHC?