If you look at the SIA/MLS system, you will see that the average house price in Canada has gone up by 85% in the period from 1992 to 2006. The consumer price index has gone up by 27% in the same period. If the maximum loan available from the plan were indexed to inflation, it would be more than $25,000 today. So I do not think that it is unreasonable to consider an increase after such a long time. We believe that we have the support of Canadians, and of a number of MPs, but we are asking for your support again. We feel that it is important to make the change now.
On November 28th, 2007. See this statement in context.