Mr. Speaker, CMHC has been and continues to be an extremely important vehicle for people buying homes. It provides them with mortgage security and mortgage guarantees and it will continue to serve these important purposes. At the same time, household debt is of concern to this government, which is why we have reduced the period that mortgages can go to 25 years. We have also enhanced the program and will continue to do so.
In the House of Commons on October 17th, 2013. See this statement in context.