Mr. Chair, the minister is not interested in talking his colleagues out of making housing more unaffordable. Let us talk about this one: The banks are unilaterally increasing amortization rates over 40 years in many cases, and 75% of Canadians with a variable rate mortgage have hit their trigger rate.
Does the minister think it is fair that existing homeowners can have amortization rates well over 40 years, but a new homebuyer off the street cannot?