With regard to the changes to the rules for mortgage insurance and eligibility announced by the Minister of Finance on October 3: (a) was an analysis done on the impact that these changes would have on the Canadian housing market; (b) was an analysis done on the impacts that this announcement will have on the Canadian economy; (c) what specific measures are in place to track the impact of these changes; (d) what are the details of all consultations that were undertaken by the government from November 4, 2015, to October 2, 2016; (e) what analysis did the Department of Finance conduct on the impact that changing the eligibility criteria for portfolio insurance will have on non-bank lenders; (f) what analysis was undertaken to determine what impact this announcement will have on the Canadian Mortgage and Housing Corporation's (CMHC)'s mortgage insurance business; (g) what impact has this change made to the Department of Finance’s forecast for CMHC's expected revenue; (h) what is the intended impact that a new stress test for low-ratio insured mortgages will have on first-time homebuyers broken down by province; (i) what is the intended impact for fixed and variable mortgage rates for the Canadian consumer; and (j) what are the details of any analysis reached related to (a) or (b), including (i) the date, (ii) the title, (iii) the summary of findings, (iv) who conducted the analysis, (v) the description of methodology, (vi) the file numbers of related reports?
In the House of Commons on January 30th, 2017. See this statement in context.