Finance committee  The headline number to give you is $18 billion spent since the launch of the national housing strategy through CMHC on housing in Canada.

Finance committee  Yes, $18 billion. Some of that is loans.

Finance committee  That's a good question that I'm not sure I can unpack quickly enough. The short answer is that I believe the CEBA program flows through BDC or EDC. We did talk to ISED, Innovation, Science and Economic Development Canada, the old Department of Industry, about that as an option.

Finance committee  I don't think we have specific KPIs. However, at CMHC, we are administering the program in a way to try to minimize the number of evictions. Unfortunately, there are some businesses that are going to struggle, for which this won't be sufficient support. Indeed, some of them might have been in trouble going in.

Finance committee  Because we're devoted to housing, of course, as a matter of strategy, in a crisis it's all hands on deck and you help where you can, but we designed it in way to minimize disruption to our operations. We've actually outsourced most of this activity to a third party provider, so we're providing oversight.

Finance committee  I'm not sure we've really said publicly, so I'm not sure I can share that with you right now. As you would imagine, it's done through a procurement process. Details are emerging on the 25th of this month. We will get you that answer separately, though.

Finance committee  The insured mortgage purchase program we have initiated doesn't include those specific conditions. As I said, and you have the exhibit in front of you, it's priced at about 1.7% to 1.9%. So far, we have purchased nearly $6 billion—$5.8 billion—in mortgages, so not a huge amount.

Finance committee  As a result of the national housing strategy, we've made significant investments in housing supply. I'm trying to dig up my numbers. As you correctly say, though, the gap of what's needed is quite significant. One of the ideas behind the national housing strategy and our flagship program called the national housing co-investment fund is to recruit co-funding from provinces, territories, municipalities and private developers to create affordable housing as well.

Finance committee  It would be our hope that we could do so in the near future. We have been engaged in negotiations with each province for, as you would know, a long period of time. For the Province of Quebec, we have sent them a number of draft agreements. In fact, there are a number of projects that are held up on announcement pending that agreement.

Finance committee  We have agreed to an asymmetric agreement with the Province of Quebec, and that is indeed what we have proposed. They have asked for conditions that are outside of my authority to negotiate. We have informed them of that and hope that we can reach an agreement very soon.

Finance committee  It will be managed in the same way. A landlord has to get an attestation from his or her tenant that the tenant is in need and is affected by COVID-19. A tenant has to pay 25% of the rent; the landlord contributes 25%; and we contribute the balance of 50% to the landlord in coordination with the local province, which will co-fund it.

Finance committee  I will throw this to her at some point.

Finance committee  We are projecting a recovery that will probably achieve pre-crisis levels in 2022. I should use this time to say that our estimate is that something like 2% of insured mortgages could experience losses. That was a question that Mr. Poilievre asked.

Finance committee  Most certainly. Of course, our primary defence against this virus is our health care workers. A very close second is the secure sanctuary of a home. We're seeing in places where that housing is a little more precarious—whether it's long-term care or homeless people—the difference in that.

Finance committee  Our responsibilities touch the residential sector, not the commercial sector. My answer would be speculative, but I will say that how we're working seems to be different. People are becoming used to working from home. I know that at CMHC we had already planned to do this, to reduce our footprint from four buildings to one.