Madam Speaker, I did not have a chance to ask the Minister of Finance a question earlier when she made her speech. Since my colleague across the way is from the same party, I assume he may be able to answer my question.
In her speech, the Minister of Finance mentioned that the proposed cut to the GST on housing construction with the rebate system would help lower the cost of building a housing unit. For example, for a housing unit valued at $500,000, the rebate would be $25,000.
The cost of building a home will be reduced for the person building it, but after that, the housing unit will be sold to the person who will start renting it out.
What incentive does that person have to lower the rent if the market price remains the same? We know that if the market price for rent is $2,000 to $3,000—