Mr. Speaker, I am pleased to advise the House that a new Russian building code will open the doors to goods in the vast Russian market, thanks in large part to the respected expertise of CMHC.
Canada's housing exporters could reach a housing market of up to 400,000 units, and a potential of 700,000 housing units if the code is adopted by other former Soviet Union countries. This is very good news for Canada's housing related industries. Let me assure hon. members that CMHC will continue to promote Canada's housing expertise around the world.