Mr. Speaker, I thought I addressed in my statement as part of this debate why I think the private sector cannot do it better and also the constitutional responsibility for banking and finance, which responsibility rests with the federal government.
CMHC mortgage insurance and guarantee are a demonstration that we are fulfilling that responsibility. To leave it up to the private sector, we would have a patchwork. As I said earlier in my statement, there would be regions and areas of this country where the private sector would find it not viable to do business.
When we are looking at our country from coast to coast to coast, it is important for us to recognize that if we are looking for equality and access for all Canadians, no matter where they live, rural, urban, et cetera, we should provide the avenues and the support so that we do not leave this solely to the private sector, whose bottom line is always dollars.