Mr. Speaker, the Canada Mortgage and Housing Corporation has a $2.4 billion surplus, another Liberal slush fund.
CMHC charges home buyers an insurance premium if they cannot make a 25% down payment. Home buyers are charged as much as 3.75% of the value of their mortgage. This can amount to thousands of dollars that each of these home buyers has to pay.
Given this massive $2.4 billion surplus, will the minister commit to giving home buyers a much needed break by reducing CMHC premiums?