Madam Speaker, reducing the cost of a $500,000 unit by $25,000 would really give a developer the opportunity to move forward with plans it has to create more supply. Creating more supply in a marketplace such as ours would reduce the cost, because of supply and demand. We have a demand that is right now not being met by supply. If we meet supply with more units, automatically the market would adjust itself accordingly.
In the House of Commons on September 25th, 2023. See this statement in context.