Mr. Speaker, I would like for the minister to explain why the Canadian Mortgage and Housing Corporation has eliminated appraisals on these mortgages at the same time as its counterpart in the U.S. is demanding more up to date and better appraisals.
Could the minister explain why this difference takes place? Why are property appraisals being swept aside? Does the minister agree that Canadian consumers could be better protected by professional appraisals on their properties at the time of purchase?