Mr. Speaker, a number of financial agreements between the federal government and housing co-ops across Canada are about to expire.
Without federal support, approximately 650,000 affordable housing units are in jeopardy. Meanwhile, housing needs are not diminishing. In fact, quite the opposite is true.
The Canada Mortgage and Housing Corporation has a surplus of approximately $10 billion, but the government is not doing anything with that money.
What does the minister intend to do about this situation? What is her plan for dealing with the housing crisis?