Mr. Speaker, what an amazing and exciting announcement. The Conservative Party of Canada will cut the federal tax on all new homes under $1 million. The headlines and reviews of this smart policy are in, and they are fabulous. The West End Home Builders Association says it is “the most significant housing policy commitment made in the past two decades.” The Canadian Alliance to End Homelessness says, “This is smart.” Habitat for Humanity says eliminating GST would reduce costs. BILD GTA says this is “a significant step forward in helping housing affordability.” LiUNA, the biggest construction union local in North America, says, “This is good policy.” The Residential Construction Council of Ontario says that “it will save buyers tens of thousands of dollars on the purchase of a new home”.
There is more. Mike Moffatt, economist and founding director of Place Centre, says, “I admire the boldness here. This will get more housing built.” There is so much more to say, but sadly, I am out of time. Here is the bottom line: The NDP-Liberals will increase taxes on housing. Conservatives will cut them and build the homes.