Madam Speaker, the member is one hundred per cent right. We are going through a housing crisis, and it is because municipal gatekeepers, right across the country, have held tight to old ideas such as zoning that basically keeps municipalities as they are. As our immigration grows, and as our population grows, we see there are just not enough places for everyone.
In Bill C-56, the government's solution is a Conservative one, and it is to take the GST off and create more demand for something by lowering the cost of it. However, the problem is the speNDP-Liberal government's continued obsession with spending at any cost, any time, anywhere and any place, and we end up seeing much higher inflation.
As I said in my speech, the Scotiabank report said that up to 40% of the basis points of the Bank of Canada have gone up. We will not see significant market investments or significant government investments go forward unless we have lower interest rates. It is the economics that are a pressure here. Maybe Bill C-56 would allow some Venn diagram where everything falls into place of some projects now being viable, but I am already seeing in my area of the Okanagan projects dropping. We are seeing, in the Statistics Canada numbers, a drop in permits. That is inevitable until the economy turns around, and it will not do that if the government keeps spending like there is no tomorrow.