Mr. Speaker, I can assure members that the Government of Canada continues to invest heavily in housing, including approximately $2 billion again this year.
These investments are making life better for low-income Canadians, seniors, people with disabilities and others who have real housing needs and need housing assistance from various levels of government and partners.
Regarding the social housing agreements referred to by the hon. member, I will say again that the end dates for these agreements have been known since they were originally signed. They expire between 25 and 50 years after they are signed. When these agreements mature, the last one in the year 2038, federal government funding for the project will end as planned.
The majority of projects are expected to be financially viable, but for those that may face financial difficulties after the mortgage is paid off, CMHC has been actively working to help housing providers prepare for the end of their operating agreements. This work will continue, as will our government's commitment to ensure that Canadians have access to the housing they need.
Once again, Canadians know that when their mortgages are over, they stop paying the bank.