Mr. Speaker, measures to tighten the rules on mortgage loans did not have the desired effect. Household debt continues to rise. And so the Minister of Finance's latest proposal is to privatize the Canada Mortgage and Housing Corporation?
The main goal of any private company is to make a profit, and not to help people find solutions to their housing problems.
Why privatize the CMHC when the housing sector is at risk? Why favour the private sector at the expense of the interests of Canadians?