Mr. Speaker, that is a very important part of this budget package that has been largely invisible in the public domain. I am glad that the member for London—Fanshawe has raised this question, because in fact it is something the Conservative government has tried to slip through and it has slipped through. It is exactly the same agenda item of the Liberals. Every time we turn around, the Conservatives are there trying to act just like Liberals. On top of that, the Bloc so totally supported the Liberals and the Conservatives on this issue. They decided it was okay to open the door wide for competition, for other mortgage insurers, in regard to what is currently handled by CMHC.
We have nothing against competition. What we asked for was some controls to be put in place, some oversight body, something to ensure that in fact these mortgage insurers would not run in, take the cream of the crop and abandon communities that desperately need the services of CMHC, not only in terms of mortgage insurance but in terms of the money that gets plowed back into the system.
Let me say that in fact we tried to amend this at committee. We had no support from the Bloc. We had one or two supporters from the Liberals and no support from the Conservatives. The government has now proceeded with an agenda that could be very hurtful to Canadians and our dream of having a national housing policy.