Mr. Speaker, Build Canada Homes would build 5,000 new units at an extraordinary cost. It would be totally inefficient and would not achieve the results that are needed to restore affordability.
By the way, it is a concept that is not particularly new. In fact it has been tried and tested, and it failed, as recently as the last few years in New Zealand. The socialist government there put forward KiwiBuild, which had the target of building 100,000 new affordable housing units in 10 years. After six years, KiwiBuild managed to build 2,400 units.