Mr. Speaker, of course there is a cost. CMHC has nearly 3,000 employees. They are not counting the cost of running the operation. A private insurance company does not have that cost. The cost to the Canadian people is clearly there.
I have difficulty with a member's comments earlier when she said there really was not any cost to the government. She said they were going into areas that were not viable. They cannot have both. It is either viable and we are making a profit, or if CMHC is going in there and it is not viable somebody is losing money. Guess who? It is the Canadian people.