With regard to the Department of Finance's recent changes to mortgage rules in Canada, and in anticipating future changes to the mortgage rules for homeowners in Canada, has the government considered: (a) allowing Canadian homeowners to consolidate their credit debts outside of their mortgages, but at the same prime interest rate that mortgages are at; and (b) allowing secured lines of credit to remain at 80% of the value of the home, rather than the current 65%, instead of making Canadians borrow an unsecured line of credit at 7% or more, or a credit card at 18%?
In the House of Commons on November 26th, 2012. See this statement in context.