We tend to agree.
With respect to individuals, for example, the Canada Mortgage and Housing Corporation plays a major role in reducing, if not virtually eliminating, the risk of anything that can be described as an insured loan. It eliminates the risk faced by financial institutions. It's also what makes it possible to obtain better financing conditions.
As for rental housing construction, CMHC does indeed have some interesting programs. They could possibly go a little further. For example, the latest program to be launched, called APH Select, offers amortization of up to 50 years under certain conditions, which is interesting. If that could become a little more standard in the products offered by CMHC, that would be good.
The issuance of Canada mortgage bonds is another positive initiative. It allows access to funds at a lower cost. These funds can then be loaned for residential construction at lower costs than those charged by financial institutions.