Madam Chair, the first-time homebuyer incentive, the first-time homebuyer tax-free savings account, measures to increase supply, and banning the foreign ownership of Canadian residential real estate are all measures meant to encourage continued access to the Canadian dream of home ownership.
We know that it is getting challenging for a number of Canadians to access their dream of home ownership, so we are doing our part to make sure that first-time homebuyers continue to have access to the dream of home ownership by introducing the first-time homebuyer tax-free savings account of up to $40,000.