It asks that CMHC and OSFI provide the following information, if it exists, within two weeks to support the committee in our very important study.
It would be any CMHC modelling on meeting supply targets, both for affordable housing and for market rate housing, and for rental supply; research on expected population growth in Canada over the next decade and its impact on housing supply and prices, in particular with special focus on the GTA, Vancouver and Montreal; CMHC research on average building approval times, taxes and fees for costs of construction over the past decade or for any period; research on the average cost of a new build related to government taxes or regulations; reports or modelling that both CMHC or OSFI has done about the vulnerability of households and financial institutions in the event of a housing correction; subnational debt figures from OSFI, if that is a measure they track; minutes of the senior advisory council meetings for the last three years, including any reports and studies discussed specifically related to an overheating housing market; analysis or recommendations on the government's vacancy tax proposal, in particular, how many homes would be subject to the tax and in what regions are these homes; CMHC research on the residency of new Canadians, mainly, how many are moving to areas outside the GTA, greater Vancouver and Montreal, and what efforts, if any, has CMHC undertaken to encourage residency outside of these housing markets; CMHC reports on government proposals that we discussed and I asked about with respect to the first-time homebuyer incentives, doubling the first-time homebuyer tax credit and rent-to-own proposals; and, finally, information on the first-time homebuyer incentive that is an existing government program, looking for some confirmation on take-up and how that program is performing.