“Mr. Speaker, it is great to be here, and I am thankful this debate is allowed to continue. I am surprised that it has to go through this last half hour of questions for the minister, but it is an interesting bill we are debating here today. We want to make sure that we get to the bottom of everything that is happening in the House of Commons. Of course, we know it is springtime. It is actually a great time to be sitting in Ottawa and debating the business of the country, making sure we are moving forward in holding the government to account and making sure that the legislation we bring forward is the best it is going to be for Canadians. I beseech the minister, if he can, to actually take a look at the bill. This is his fourth Crown corporation, and there are no solutions so far. There is lots of money going out the door and there are lots of announcements, but no solutions have been put forth to actually aid Canadians and bring lower housing costs across Canada. What does the minister think he would accomplish with even more money and another bureaucracy that has not been accomplished along the way with everything else that has been done so far in this field? The lack of accomplishments is stark. Can he please address why he thinks it is going to be different this time?”
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Mr. Speaker, Claims · 196 wordsjust to be clear, this debate is about the housing supply act before the House, which is about $1.7 billion that would be distributed among the provinces and territories to boost housing supply.1We already have an uptake on this with the province of Ontario.2It was announced a few months ago.3Ontario, thanks to the federal support that is tied to the bill, would be rebating the full 13% of the harmonized sales tax, the HST, on new homes up to $1 million.4Buyers of those new homes up to $1 million could save up to $130,000.5When we combine that with the initiative around reducing development charges, which is 30% to 50% with municipalities in Ontario and is administered by the province of Ontario, it is an additional up to $70,000.6All this is in response to the crisis that Ontario, particularly the GTA, has had with the housing market.There is oversupply in the housing market and other challenges, such as uncertainty in the market, buyers not buying and builders not being able to move on projects.This is about getting the housing market going across the country, particularly in Ontario and B.C.