Mr. Speaker, I would say to the member opposite that we need to look at the Ontario example of how this funding is being used. The Ontario government has chosen to deploy it for eliminating the HST for this year to get its housing market going. Getting that housing market going by giving people a discount effectively on a new home is advancing the market. It is getting home builders back to building, because they know the market is coming back alive.
I have heard from the members opposite that this has been a crisis, particularly in the GTA, that is related to the housing market. This is how the Ontario government, in partnership with us and resourced by this housing supply bill, is getting that market going and getting homebuyers into homes more affordably.
We want to see that happen across the country. I know the provinces and territories have different approaches depending on their markets and their housing contexts. I am looking forward to seeing this deployed in B.C., in my home province, because the metro Vancouver market has very similar challenges to those of the GTA, and I want to see that change. We are receiving a lot of pressure from home builders who are concerned about the markets being flat. That is not surprising given the uncertainty in the world. This is a way to help jump-start and accelerate the markets and get more homes built.
