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NEWSCONF/HOPKINS 10 -

The Canadian Real Estate Association believes such a

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pla . as researched by CREA for many months now -- is

creative, practical and fiscally responsible. it could truly —
help young families who have RRSP savings but are
currently on the outside margin of homeownership to
consolidate their objectives for owning a home and
saving for retirement. When first-time buyers are able to
move in, current owners are often able to move up. This

creates spin-off employment which boosts the economy

as a whole. We believe the benefits far outweigh the

risks!

(PAUSE)

- | would now like to introduce Mr. Barry Gogal, Chairman

of The Canadian Real Estate Association Federal Affairs

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