I never advocated the privatization of social housing. I argued that it should never be done by the federal government. Provincial governments are much closer to the people and they should be responsible. Those programs and resources should be transferred.
Very quickly on mortgage insurance, there's a huge difference between mortgage insurance, which is a commercially profitable project, and student loans, which are seen as something that's not so profitable.
Mortgage insurance can be done by the private sector very well. We don't have a government-owned London Life or a Great-West Life or those kinds of companies.
The private sector could do it if it weren't at a competitive disadvantage because the government guarantees 100% of CMHC but only 90% of the private sector. They have an unfair competitive advantage.