Madam Speaker, a couple of things are problematic. First, let us look at the struggles that millennials have these days. They have to pay generally very high rents. They often have children in day care, which can cost $2,000 a month. They are trying to pay off their student loans. They have no free pharmacare at this point. When we put all that together, only 36% of millennials even have an RRSP. Saying to them instead of taking $25,000 out of their non-existent RRSP, they can take $35,000 out really is not helpful at all.
I am quite interested in the equity portion of it. One question that was not answered when this was first announced was whether CMHC would keep that percentage of equity when the house was sold. In other words, if the house goes up in value, does CMHC keep a 10% value of the profits from that home?