Madam Speaker, this is a great question that I pondered at the dinner table with my children as we were exploring how we can make sure they can afford a house.
This is part of a bigger puzzle, and that includes our first-time homebuyer partnership with the Government of Canada, which means, if the hon. member recalls, that an individual will get 5% to 10% of a down payment depending on the type of home they are buying. There is also the tax-free savings account and the use of RRSPs.
A number of programs have been put together to ensure that first-time homebuyers, especially youth, have the money to make a down payment, because as we know, after the down payment very few Canadians default on their mortgage. A combination of these things would put an individual in a position to buy their first home.