Finance committee  That has to be a concern, and I'm not sure why it isn't a concern to OSFI, the banking regulator, that in reality we have created an environment of 100% financed rental properties in Canada. By the way, this is something that was eliminated in the United States after the 2008 mortgage crisis down there.

Finance committee  It would be my greatest wish. To define it simply and quickly for the committee, there is way too much income document fraud in Canada. You can buy T4s for $8.99 on Reddit. It would be very useful and a very simple fix to simply say, “CRA, we need some linkage to the big banks, which have highly secure systems.”

Finance committee  Absolutely not. There is no sense enforcing the B-20 rules. Let's just look at a renewal. If you're a consumer, you have a mortgage. If you're a borrower, you have a mortgage. You want to get a better rate. You want to search for a better rate. You're not looking for one dollar more of financing.

Finance committee  In my opening remarks I talked about things I thought about that would create immediate change. The ban on short-term rentals would create immediate change. It would immediately reduce prices, instantly. It would discourage developers in the private sector from building micro condos, from building a 385-square foot condo, which is frankly ridiculous.

Finance committee  Thank you. It really is an honour to be here. As a teenager, I was fascinated by politics and government. I know that people say it's an honour to be here, but it actually is an honour for me. It's striking. Thank you for having me. This housing crisis that is obvious to anybody who lives in Canada is a very real thing.