Thank you, Mr. Chair.
I want to talk to Mr. Dachis from the C.D. Howe Institute.
Just to start.... I think it's obvious that, after eight years of this government, people have just had enough. Justin Trudeau is not worth the cost. A really great example of that is the housing market. When Stephen Harper was prime minister, housing was very affordable in this country. Today, housing prices have more than doubled. Mortgage and interest costs have more than doubled. Rents are through the roof. We heard Professor Charlebois talk about grocery prices earlier.
I'm asking you this, Mr. Dachis, because just a couple of days ago you published an article about housing on the C.D. Howe Institute's website, and I want to get on the record your comments on a couple of things.
One of them is the fact that, for example, although the government has taken GST off of new builds, the GST payable by homebuyers is still in place, and the threshold is $450,000. In reality, pretty much everybody who buys a house today is paying the GST. Is that not the case?