Mr. Speaker, the minister says “at this time”.
If the minister goes forward with his plan to privatize the CMHC, thousands of homeowners and those who dream of buying their first home will suffer disastrous consequences. We saw the same thing happen in the United States: the privatization of Fannie May and Freddie Mac was a complete fiasco.
Are the Conservatives really following in the footsteps of one of the greatest economic failures of all time?