Mr. Speaker, after nine years of the NDP-Liberals, they are not worth the cost of their failed housing programs that have only doubled the cost of rent, mortgages and down payments. Housing starts have dropped across the country and the Liberals' own forecast says they are only going to get worse in the years to come. That is why our bold, common-sense Conservative plan to axe the GST on new homes sold was so well received this week.
LiUNA says it is good policy. The Canadian Alliance to End Homelessness says it is “smart”. The Greater Ottawa Home Builders' Association and BILD in the GTA both say our tax cut would instantly make a significant improvement in housing affordability. It is because on an $800,000 new house, it would save homebuyers $40,000 plus $2,200 a year in mortgage payments, and it would spark 30,000 extra new homes in this country each year.
Instead of funding photo ops, more bureaucracy and less homebuilding, it is time to bring home more homes for Canadians.