Mr. Speaker, coming from downtown Toronto I have to stand to defend the Canada Mortgage and Housing Corporation vigorously. It represents in the greater Toronto area not just support for those in the home building industry. It also sends a signal of confidence to all other sectors of the economy, from the carpet makers to the makers of stoves, refrigerators and the various accoutrements that go into putting a home or an apartment together. Quite frankly those spinoffs have an effect on every region of the country.
When we calculate the contribution of Canada Mortgage and Housing we must not forget its contribution to all spinoffs in the economy.