Madam Speaker, I thank my colleague for his question.
We were already hearing from developers across the country about how this was going to incentivize them to really increase that stock and supply. The biggest thing we can do right now on the federal side is to look at those rising costs for rent and homes. It is specifically an issue in my riding as it is for every member of the House.
I have had these conversations with developers, and they are looking for tools. They are looking for that support from the government. This is one really important measure that could help with that densification and increase that stock. That is the biggest thing we can do to bring down prices. It is not going to happen overnight, but we are working as fast as we can.