Mr. Speaker, every step the member just outlined has actually made it more difficult to own a home in Calgary. That is one of the things the Canadian Home Builders' Association in Calgary is complaining about. The borrowing requirements become so laborious for homeowners, in particular, first-time homebuyers, that the government has made the housing crisis not just one of affordable housing but housing affordability. To remove regulatory power and oversight from CHMC as a stated goal is insane.
I have one last question for the member. In the budget, CMHC announced $150 million for relief of penalties when public housing is refinanced in this country. The specific question that has not been answered by anybody in the department is this.
When people refinance their mortgages, do they have to surrender the subsidy agreements that are tied to the mortgage agreements, yes or no? When people refinance and subscribe to the fund that is there to pay off the penalty for renegotiating, do they have to surrender the subsidy agreements tied to the mortgage agreements, yes or no?