Finance committee  No, it's aimed at a different part of the market, as you said. It's more on the fringes. B-20 is flat out the entire market.

Finance committee  With respect to the shared equity mortgages, it is in fact something that CHBA has recommended to this government and to other institutions as well. We think it's a huge opportunity to help people, especially those perpetually stuck in rent, and that's where we've seen it. We did

Finance committee  Thank you, Chair. CHBA represents some 9,000 member companies from coast to coast and is the national voice of the residential construction sector. BILD Alberta is the constituent association of CHBA, and as Carmen has spoken to the specifics of Alberta, I'll speak to the hous

Human Resources committee  I can jump in on that. No, the numbers are not going to bear out. We've been working in schools for decades against the system and the culture of Canada because of exactly what Rick talked about. We need to change. We need to have a parity of esteem. We need people to respect bo

Human Resources committee  I think it's important to say first of all that in the near term you are talking about competing for immigration. That is the solution that can fix things over the near term. Over the longer term, there's no question that there are opportunities to increase productivity as well.

Human Resources committee  If there is no relief, I think you'll see some continued challenges across the country in many places. If there is no relief, the 30% drop in first-time homebuyers we've seen over the past year will continue. Things like 30-year amortization and the stress test can be adjusted at

Human Resources committee  We're seeing it all across the board. I think it's more dramatic, obviously, in those parts of the country where there were already economic challenges. Certainly Saskatchewan and Alberta have big challenges. Atlantic Canada has huge challenges. Newfoundland especially has a 50%

Human Resources committee  I would say at this point that the best way to characterize it is that it has really overshot. You can understand why. The problem is that since 2008 and the subprime crisis, there have been over 60 changes to the financial system in recent years since then. The stress test, this

Human Resources committee  Overall, we're looking at about 150,000 people knocked out of the market. About half of those would be first-time homebuyers, so that's about 74,000 knocked out of the market. With the types of tweaks I described, it would bring back only about two-thirds to the market overall. I

Human Resources committee  Absolutely. It ties into skilled labour and jobs and everything else. Our recommendations are pretty simple, at this stage. One is to return to 30-year amortization periods for insured mortgages for first-time buyers. Young people make up the group that's most affected by this ri

Human Resources committee  I'll be able to tell you in a few hours.

Human Resources committee  We will see.

Human Resources committee  I certainly have no inside information, but certainly this will be the next opportunity to really address this. I'll be headed from here to the lock-up.

Human Resources committee  I can just say that—

Human Resources committee  Sure. I think what you're saying is that it's the overshooting right now. We're trying to loosen things back up, which won't create a huge demand. It won't suddenly do an about-face and go right back to a huge demand. We're seeing major challenges all across the country and eco