Thanks for the question.

As I mentioned in my speech, this is an issue that has been dangling for a long time, and we are addressing it. Since this government came into power, we have introduced dozens of new policies under our first housing supply action plan, More Homes, More Choice Act, in 2019, and the More Homes for Everyone Act, in 2022, and the piece of legislation in hand today.

We know that we have to accelerate building. We know that we have to add capacity. That demand and supply is unbalanced, which causes prices to go up and makes it difficult for new families to acquire. We need to have more houses built fast and cost-efficiently to be able to meet their needs.