Madam Speaker, I have a very straightforward question. Where I come from, Barrie—Springwood—Oro-Medonte, the average price of a home is over $900,000. It is getting very tough for young people to buy their first home. In the recent budget 2022, there was a tax-free savings account set up to a maximum of $40,000. If someone hits that $40,000 in my area, they are still nowhere near being able to buy their first home.
Can I maybe get an explanation as to why we are topped off at only $40,000 and how that is supposed to help people buy their first home?