Mr. Speaker, no one voted for the type of surplus we currently have or for the lavish spending we have seen.
The Canada Mortgage and Housing Corporation has built a $4 billion surplus on the backs of home buyers. It is clear that CMHC premiums are still much too high. These premiums add thousands of dollars to mortgages. The government claims that this surplus is for social housing.
Why are home buyers, who cannot afford a 25% down payment for their own home, paying for government social programs?