Mr. Speaker, I thank the hon. member for his thoughtful intervention.
The affordable housing initiative that we are putting forward, with the removal of the GST on rentals, is part of our national housing strategy, which has a variety of different programs intended to reach different parts of the market. Removing the GST is the equivalent of a 5% reduction for developers to build rental units, so we can get more rental units into the marketplace. Now that the cost of interest has gone up, this would help decisions be made to have rental units created.
Could the hon. member comment on how important it is to have such a range of options in our housing strategy?