Evidence of meeting #68 for Finance in the 42nd Parliament, 1st Session. (The original version is on Parliament’s site, as are the minutes.) The winning word was changes.

A video is available from Parliament.

On the agenda

MPs speaking

Also speaking

Nicholas Hamblin  President, Atlantic Chapter, Canadian Mortgage Brokers Association
Ajay Soni  President, National, Canadian Mortgage Brokers Association
François Vincent  Policy Director, Association des professionnels de la construction et de l'habitation du Québec
Georges Lambert  Senior Economist, Association des professionnels de la construction et de l'habitation du Québec
Michael Lloyd  Mortgage Expert, Team Lead, DLC Canadian Mortgage Experts
Paul Taylor  President and Chief Executive Officer, Mortgage Professionals Canada
Kim McKenney  Secretary and Board Member, Ontario Chapter, Canadian Mortgage Brokers Association
Stephen Smith  Chairman and Chief Executive Officer, First National Financial
Andrew Charles  President and Chief Executive Officer, Canada Guaranty Mortgage Insurance Company
Bob Finnigan  President, Canadian Home Builders' Association
Sherry Donovan  Chief Executive Officer, Nova Scotia Home Builders' Association
Tamara Barker Watson  President, Nova Scotia Home Builders' Association
Jason Burggraaf  Government Relations and Policy Advisor, Canadian Home Builders' Association

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

Can we come to order? The bells are ringing. We should be able to get the presentations in before we go to vote, and then we'll come back and have questions.

I know you asked to deal with one issue first.

February 1st, 2017 / 3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Thank you, Mr. Chair.

Obviously we're very happy to hear that there's been such interest in this topic. It is important for us as parliamentarians to deliberate on some of the policies of the government, so if we are going to be adding...how much time, Mr. Chair?

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

Two.

3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Two meetings?

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

One meeting.

3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Is it one meeting of four hours?

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

We were thinking three.

3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Okay. Would that cover it? I talked to my colleagues today and we also figured that due to many of the concerns that were raised and the fact that so many of the officials from different government agencies weren't able to speak from a holistic sense on the importance of the issues, perhaps we might want to have the Minister of Finance and his officials come in so that they can answer many of the questions that many parliamentarians—I think from many of the parties—have about the mortgage changes. I think this would probably clarify things in the minds of Canadians quite a lot.

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

That's your suggestion at the moment.

3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

It was your suggestion, so I'm suggesting along with you that if we do that—

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

It was not my suggestion.

3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

You suggested it the other day. If we have another meeting, could we add the Minister of Finance to it? I think it would be helpful.

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

I think the only way we could deal with that is if there was a motion to that effect. If you want to give us notice of that motion, we can deal with it.

3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Are we talking about the business of adding to it? Wouldn't that be part of that?

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

Yes.

3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Okay, so I don't need a motion.

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

It would require an extra meeting. We have the three hours, which are witnessed up.

3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Okay.

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

If you want to propose notice of a motion to have an additional meeting—

3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

Would I need notice of motion, Mr. Chair, since we're already talking about the subject?

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

It's the same study.

3:35 p.m.

Conservative

Dan Albas Conservative Central Okanagan—Similkameen—Nicola, BC

I don't think I would need it. Great.

I make the motion that we invite the Minister of Finance to bring along his officials to discuss many of the housing issues, particularly the mortgage policies and perhaps some of the other policies that he's concurrently consulting on.

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

Okay, the motion is before you. It's up for discussion.

Are there any thoughts?

3:35 p.m.

Nicholas Hamblin President, Atlantic Chapter, Canadian Mortgage Brokers Association

I certainly don't see any harm in having the minister present.

3:35 p.m.

Liberal

The Chair Liberal Wayne Easter

We'll call on the witnesses later. This is internal to the committee at this moment. It is a public meeting and that's fine.

Mr. Albas, you have the right to put the motion.

Mr. Sorbara.