Mr. Speaker, the general manager for CMHC in British Columbia says the corporation knew in 1992 that there was a problem with leaky condos but the corporation still continued to insure leaky condo mortgages which thereby exposed taxpayers to risk. It did not inform consumers who were seeking CMHC backed mortgages.
CMHC has admitted guilt. Is the minister ready to compensate leaky condo owners for this government wrong?