Mr. Speaker, the second petition I would like to present is on behalf of home builders across Canada.
When the GST was first introduced in 1991, the GST new housing rebate was introduced alongside it. This rebate ensured that new home building would not be discouraged by the GST, and the Government of Canada committed to adjusting the qualification thresholds every two years to reflect changes in housing prices. Thirty-two years later, the thresholds have never been adjusted.
Canadian home builders are calling on the government to finally adjust the GST new housing rebate thresholds to reflect the dramatic increase in the price of new homes. It is for the Speaker's home, my home and all our homes. Let us bring it home.