Pierre Poilievre at the Finance Committee

On May 6th, 2019. See this statement in context.

May 6th, 2019 / 5:40 p.m.

Conservative

Pierre Poilievre Conservative Carleton, ON

Okay.

Let's say that CMHC, through this program, takes a 10% share in a first-time homebuyer's house, that the house is purchased for $400,000, and that the market takes off and over the course of a few years the house doubles in value and is now an $800,000 house. Will the amount that the homebuyer has to pay back to the government now have risen to $80,000?

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