Mr. Speaker, the overheated housing market does differ from one city to the next. We can all agree that Vancouver, Toronto, Montreal and the regions of Quebec do not all have the same problems.
Using a single pan-Canadian measure to address all of the country's challenges is therefore a bad idea. Additionally, the housing problem is caused by a lack of supply, since the occupancy rate is very high. Providing support measures to a segment of the population that is already able to save for a home, which is what the proposed TFSA does, will ultimately stimulate even more demand. It is counterproductive.