Mr. Speaker, Bill C-26 would be one tool in a large tool box that we need to activate to get the housing market turned around here in Canada, to get more affordable housing built, to make sure we have a healthy housing market and to make sure the homebuilding industry is innovating and advancing to make housing more affordable. This would be one tool in collaboration with the provinces and territories. It would be a direct investment, a transfer, and would give them the flexibility to apply it where needed.
Ontario is choosing to eliminate its HST for this year, which I think is having a very positive effect on the market in Ontario. Other provinces and territories would have different approaches depending on their markets, but we have many other tools from Build Canada Homes and reaching home, which is supporting homelessness efforts, to the housing accelerator fund, which works with communities and local governments to cut red tape and get housing built.
We have a wide array of tools. We need to continue scaling up the work on those tools, scaling up the investment that is needed to ensure that we have enough affordable housing being built, and to make sure that as a House we are here supporting the efforts and collaboration with all levels of government and the private sector.