Mr. Speaker, I agree with the member. The importance of getting this done is urgent. Really, the example in Ontario is what we are working with. It shows the difference this can make on the ground for the housing market, homebuyers and home builders in Ontario, who need to get going on building more supply.
That is the result we are seeing already in Ontario. We met with developers over the last few weeks. The Prime Minister and I were told that we are seeing a 60% to 70% increase in sales volume here in Ottawa, and that is because of the Ontario HST elimination this year. Therefore, we are seeing a direct benefit of the Ontario partnership here.
I expect we will see this with provinces and territories across the country as this funding is approved and deployed. This is about collaboration and a partnership of trust. It is about getting the money to the communities and the people, ultimately, so they can buy homes.