Mr. Chair, the minister agrees with reducing the amortization from 40 years and getting rid of 40-year mortgages with no down payment, which must mean that he disagreed with his government's decision to actually introduce 40-year mortgages with no down payment in budget 2006, which created, by the first half of 2008, half the mortgages issued in Canada being 40-year mortgages.
Speaking of housing bubbles, we really need good data. CIBC's deputy chief economist, Ben Tal, issued a report recently saying that we need better data on the Canadian housing market and that we need to increase funding for Statistics Canada to get that type of data for Canadian consumers and investors.
Does the minister agree that we need better information communicated to Canadian investors and homeowners?