Mr. Speaker, I completely share my colleague's concerns about how difficult it is for young families, among others, to buy a home and to save up enough money for a down payment. Obviously, we support the GST measure, but we think it needs to be complemented by other measures. The biggest obstacle to home ownership is how hard it is to save up a down payment. With house prices continuing to rise, it is becoming increasingly difficult for young people to save and to buy their first home, partly because of the cost of living.
I hope my colleague will say that he supports the idea that parents should be able to use their RRSPs to help young people get into the housing market, that the government should introduce low-interest or even interest-free loans to help young people get that down payment so they can buy a home, because there is a fundamental problem with access. Eliminating the GST is not enough. The problem of saving for a down payment also needs to be addressed.
