Mr. Speaker, in these discussions, very often we all feel very strongly about different positions we take on something as important as this budget. This budget would be the playbook for the next several years in our country and would make significant headway in trying to improve the lives of all Canadians.
As I indicated earlier, I have been speaking with my constituents and my community leaders. Many of them feel that the budget is going in the right direction and that it would make a difference in the lives of Canadians. At the end of the day, we have to think about why we are here and what this is all about.
Budgets are laying out the future, and the future reflects the needs of Canadians. That not only means investing in social programs, but also means investing in entrepreneurs and in small and medium-sized businesses, giving them the tools they need to grow their businesses and to do everything possible to grow our country.
There were announcements last week about Honda, and those kinds of investments are going to create thousands of jobs. We could reflect back on years when things were very tough. People were out of work and were just begging to find jobs so that they would be able to contribute to their families and would not have to use unemployment insurance. Now, we talk about such an abundance of jobs that we are going to have, not only today, as our economy is doing very well, but also in the future, with the investment in Alliston for the Honda EV plant. It is really the future for Canadians.
This will create jobs for so many Canadians so that they can buy houses and grow their families. It means a successful Canada, so Canada is in a very good position. In spite of what we hear from the official opposition about Canada being in a terrible place, Canada is in a very good spot. We are still in the top in the G7, and we are still doing very well, but there is much more to do. I think this budget is laying out that platform for exactly what we need to do to move it forward.
I am glad to see all the initiatives in this year's budget that directly address concerns Canadians throughout Canada have, but especially the residents in my riding of Humber River—Black Creek. I have often spoken about my constituents and the messages they want me to pass on here in the House of Commons, whether they are the need for social programs or for increases in Canada child benefit.
I hear a lot from seniors about how difficult it is. Even with the increases, which have been significant, that we have contributed to since 2015, seniors are still struggling, and as the cost of living goes up, through our various programs, we have been able to make the kinds of changes that assist and help them, like the carbon tax rebates that all the seniors are receiving.
The Conservatives continue to say that it is not acceptable, that it should not be there and that we should scrap the carbon tax. However, we cannot stop the wildfires that are happening, and we need to make sure that people are taking whatever steps are necessary to make our country safer and to make the effective changes we need to protect our systems.
Budget 2024 would help make life more affordable for every generation of Canadians by creating access to more affordable housing, lowering everyday costs and growing our economy. I am sure anyone who watches question period or watches what is going on in the House knows that we have talked about investing millions and millions of dollars in housing, and it is long overdue. This should have been done a long time ago.
I recall, back in Paul Martin's days, when we were going to have a national minister for housing, and that was one thing that was greatly debated. It was announced that we were going to establish a minister of housing to get back into the housing business. Unfortunately, our government at that time was defeated on a budgetary motion vote of confidence, and we did not resume the opportunity to introduce that until we started to get back into power in 2015.
I would have liked to see, as the very first thing we did, the establishment of a minister of housing to get right into the housing file. However, everything takes time, as all of us in government know, and it took quite a while until we finally got a minister of housing and got the focus put some of the things we needed to do, which was to make sure that there was more affordable housing being built, that it was housing everybody could afford and that it would increase the availability in the housing stock.
One thing we would do in this budget to help with that housing need would be to introduce a 30-year amortization for first-time buyers. Yes, we have thousands of buyers. I have several grandkids who are looking to buy homes, and they are looking at an interest rate that we do not control. I had a 25-year amortization, as some people in the House currently have. This is a 30-year period, which would significantly lower it, and the interest rates will help my grandkids, as well as many others, buy homes. Making it easier for Canadians to buy their first homes is really important.
We are also launching a $1.5-billion Canada rental protection fund to protect affordable housing and apartments. We all hear about it when we go back to our ridings, and we hear stories about apartment buildings being converted into expensive condos. It is a real loss of what we call affordable housing and affordable rental housing. Not everybody wants to purchase housing. Some people want good, affordable rental housing.
Many properties, especially the older stock in ridings like Humber River—Black Creek, are often redeveloped, and they come on the market at a very high price. That is a loss of affordable rental housing. The $1.5-billion Canada rental protection fund is meant to prevent that from happening. It would protect that level of affordable housing so that we would have more apartments for seniors, for families and for students.
We have also introduced flexibilities for the federal community housing initiative. It would ensure access to funding to maintain affordability for low-income tenants and for co-op members. I have, I believe, four co-ops in my riding. They are extremely successful. I often talk to the people there. There is a long wait-list to get into those co-ops. Once people are there, frankly, they are very comfortable. They like their neighbours, and they do not want to move. The answer is not that they have to move; the answer is to have more co-op housing on the market.
When there is a range of different incomes sharing housing, it builds better and stronger communities. It also provides a housing level that is affordable for a lot of people. There are some who would never be able to afford the kind of housing market that exists now. If somebody is paying millions of dollars, it must mean that they are doing extremely well, and we would hope that they have the opportunity to do that. The federal community housing initiative would provide $150 million for 47,000 homes and would make sure they will be there as we move into the future.
As members can tell, I am focusing on housing, and these investments are extremely important for Humber River—Black Creek. People do not have anywhere to move. Seniors want to sell their homes, which would provide nice, affordable housing for first-time homebuyers, but they have no where to go. They do not want to go to a retirement home. They just want to go into safe rental housing that would give them a chance to continue to enjoy their remaining years.
I am very proud to have York University in my riding, where many students call Humber River—Black Creek home. Over 3,000 students actually live on campus at York University. There has been a huge amount of housing built there. It is all meant to house students, but as the university grows and expands, there needs to be more opportunity.
I have covered a few issues, mostly on housing, but I would like to talk about this further. I will be glad to respond to questions about pharmacare and about the new dental program, which is being received so well in Humber River—Black Creek. These are exciting times. It is a challenging time for the government to manoeuver the proper way, but I believe this budget is a good step forward, and I am looking forward to answering questions.
