Brad Vis at the Human Resources, Skills and Social Development and the Status of Persons with Disabilities Committee

On May 27th, 2021. See this statement in context.

May 27th, 2021 / 4:40 p.m.

Conservative

Brad Vis Conservative Mission—Matsqui—Fraser Canyon, BC

Thank you.

Many Canadians cannot afford the 20% down payment required for an uninsured mortgage and are required to pay for mortgage insurance through CMHC. Recently, CMHC provided a $3.5-billion dividend payment to the Government of Canada.

Why is CMHC paying into the federal government general revenue fund instead of reducing insurance rates or offering rebates to lower-income Canadians who are just getting into the housing market in this crazy time?

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