Mr. Speaker, the Mondragon housing co-op in Brampton is trying to be a responsible steward of its property.
It is trying to refinance its mortgage so that it can do needed capital repairs, but CMHC is blocking it, charging the co-operative 19 times the normal private sector rate to break its mortgage.
Will the minister instruct CMHC to behave in a reasonable manner so that Mondragon and other co-ops can refinance and perform needed repairs?