Adam Chambers at the Human Resources, Skills and Social Development and the Status of Persons with Disabilities Committee

On October 30th, 2023. See this statement in context.

October 30th, 2023 / 12:05 p.m.

Conservative

Adam Chambers Conservative Simcoe North, ON

Thank you very much, Mr. Chair.

Ms. Bowers, congratulations on your new appointment. That's exciting. The IMF is a great organization. I'm sure you'll enjoy it.

In September of 2021, CMHC's net exposure was about $609 billion. Two years later, the taxpayer net exposure of CMHC is $623 billion. Can you explain the increase? Is that driven by the value of house prices going up, the number of clients, the market share increase...?

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