Finance committee  Thank you, Chair.

Finance committee  First of all, you don't owe me an apology. You're speaking on behalf of people who are really hurting. Thank you for saying so, but you do not owe me an apology for that. Reaching Home is done actually through our cousin at ESDC. As to whether or not they get funding, I don't kn

Finance committee  So [Technical difficulty—Editor] of lying, in fact, and media cover-up on this stuff. The question of tax policy is not for us; it's for Finance Canada. It's been alleged that the primary focus of a program that we funded, something called a solutions lab, was a home equity tax

Finance committee  Thank you for your kind remarks and for your question. My sincere answer is that we just don't know. Clearly, my predictions in the past have not proven to be true, so I need to be careful when I make forecasts. Interest rates clearly are one factor. Indeed, the Bank of Canada

Finance committee  Yes. The minister has all this information. He then would submit a request to the Minister of Finance for the budget. That's between them. That's not my decision.

Finance committee  I can't give you an answer to why it can't be backdated. It's a question for others. I can tell you that CMHC has no ability to do retail-type distribution. We went through mortgages because our relationship is with landowners. It's with owners. That was a program we actually c

Finance committee  I can't answer that question. That's not within my expertise—

Finance committee  I think we've disclosed this. We talked to.... You realize this had to happen very quickly, and CMHC didn't have the ability to do it. We engaged in a competitive process with two firms and we selected the low bidder, and they were—

Finance committee  Yes, we selected the two firms that we thought had the capacity to do it. It was a very technical process and required expertise. It required risk management. These were the two firms that could do it, and that's why we went to them. The fact that they're in the business you woul

Finance committee  I'm happy to respond to that question. I'm very sorry about this. Needless to say, at CMHC we share in the tragedy and the fact that the pandemic has made things worse for homeless people and has likely increased the number of homeless people. I don't know the number you're l

Finance committee  Could be, although I do want to reassure committee members that we are very confident through our stress testing that we have sufficient capital on hand to absorb most foreseeable losses—any foreseeable losses.

Finance committee  Thank you for your kind remarks. By the way, I'm very proud that Romy Bowers, from inside the company, a terrific leader, will succeed me. She takes over on Monday, as announced. Basically, it's because the provinces and territories in general, in large part, were willing to sup

Finance committee  Well, we have significant imbalances in certain housing markets. I would say that, given how prices have grown ahead of economic fundamentals, there's certainly more risk of downside than risk of upside in housing markets. What we've done, the principal measure right now, in ad

Finance committee  That, I'm afraid, is a question for the Government of Canada and the ministers responsible, and the advice I give them is secret.

Finance committee  I don't have it at my fingertips, but if you give me a moment, I will get it for you shortly, if I may.