Hon. Salma Ataullahjan: Honourable senators, my question is for the government leader in the Senate.

According to the Canadian Real Estate Association, in March the average price of a home was over $874,000 — an increase of 27% in just one year. In the Greater Toronto Area, the average cost of a home has gone up another 2.7% in one month.

Right now, the maximum qualifying purchase price under the First-Time Home Buyer Incentive is lower than the average cost of a home across much of Canada. In its recent budget, the NDP-Liberal government is once again promising changes to this program — the third attempt to change this program in the three years it has been in existence.

Leader, why is the NDP-Liberal government doubling down on this failed program, which has never worked in the way it was promised?