Mr. Speaker, my question is for the minister responsible for the Canada Mortgage and Housing Corporation.
Bill C-66 will retroactively legalize its mortgage insurance underwriting program. Given that CMHC has eliminated appraisals on applications for high ratio mortgages, will the minister tell the House what practices are in place to measure the conditions of Canada's housing and to ensure there is no fraud in the marketplace? Does the minister think it is fair that the Canadian home purchaser should pay for this policy change by higher insurance premiums?