Mr. Speaker, I thought I answered that question before. Perhaps I will have to try a different way of getting my message across.
I want to quickly say that in the riding of the member who asked me the first question, 5,580 constituents have in fact purchased homes using CMHC funds. Since 1992, 1,663 constituents have purchased houses. In the riding of the member who asked me the last question, since 1992 some 1,525 constituents have purchased homes. Since 1992, 254 have purchased homes by taking advantage of the first home loan insurance program. We have here a party that professes to represent its constituents. I hope the party is representing its constituents here.
I want to deal with the issue of default on mortgages. The premiums and the fees are actually what allow CMHC in this program to continue to subsidize to get this program to work on a basis where it brings money back into the system. There is a low risk component to this insurance program. The low risk component, as is always done in insurance programs, subsidizes the high risks so that they balance out. That is the basis on which most insurance programs work.