Mr. Speaker, when the pandemic hit, financial institutions granted six-month mortgage deferrals to ensure Canadians would not lose their homes. By the end of June, more than 768,000 Canadians used these programs. Next week, those deferral programs end and mortgage payments are due. Economists suggest that 5% of mortgages could default. That is almost 40,000 homes.
Mortgages were not referenced in the throne speech. Why is the Liberal government okay with potentially thousands of Canadians losing their homes? Are we not in the second wave?