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Government Operations committee That too is an important question. We've been accused of making a procyclical decision like many other lenders—
June 9th, 2020Committee meeting
Evan Siddall
Government Operations committee We do indeed, sir. We do. We're accountable to Canadians, so those accusations are welcome. I say that with my tongue planted in my cheek sometimes. Nevertheless, the—
June 9th, 2020Committee meeting
Evan Siddall
Government Operations committee We'll provide an answer in writing. I don't have those exact numbers at my fingertips at this moment.
June 9th, 2020Committee meeting
Evan Siddall
Government Operations committee There's no risk to the Bank of Canada. The Bank of Canada only buys mortgages that have CMHC insurance on them, or Government of Canada insurance, so they don't have credit risk associated with that. We are actually reducing our risk as a result of these changes, so that homeown
June 9th, 2020Committee meeting
Evan Siddall
Government Operations committee Thank you, Minister. The answer to the prior question is that we have bought $5.8 billion of mortgages thus far under the insured mortgage purchase program, of a total availability of $150 billion, and we tightened our underwriting policies, as many lenders have done. That's bec
June 9th, 2020Committee meeting
Evan Siddall
Finance committee We support a huge number of co-operative housing ventures. The Co-operative Housing Federation is a key partner with us in doing housing in Canada. Co-housing is something we've actually looked at as an innovative form of housing, as a way to go. We're looking at what we can do
May 19th, 2020Committee meeting
Evan Siddall
Finance committee Yes.
May 19th, 2020Committee meeting
Evan Siddall
Finance committee Oh goodness, if I could have planted a question, that would have been it. I promise everybody else here that was not a plant. In fact, I was going to say in response to a question from Mr. Poilievre, his questions were so apt because, of course, he was well briefed when he was th
May 19th, 2020Committee meeting
Evan Siddall
Finance committee It's kind of you. Thank you.
May 19th, 2020Committee meeting
Evan Siddall
Finance committee Thank you very much for inviting me and, Romy, thank you for making sure I didn't screw it all up.
May 19th, 2020Committee meeting
Evan Siddall
Finance committee Chair, in response to the question, we are very careful to make sure, with the benefit of private competitors, that this is being priced in a market way. We charge significant premiums, and that's the reason we've returned $17 billion to the federal government over the last 10 ye
May 19th, 2020Committee meeting
Evan Siddall
Finance committee That's self-serving misinformation, frankly. It's not a smart thing to do. It's going to cost them more money. I don't know if people think they can negotiate a program with us, but that's not the way the world works.
May 19th, 2020Committee meeting
Evan Siddall
Finance committee When we will be publishing information on our website, we will make sure it gets to all members. Please share that widely.
May 19th, 2020Committee meeting
Evan Siddall
Finance committee We will, of course, promote it on social media.
May 19th, 2020Committee meeting
Evan Siddall
Finance committee Well, that would require conjecture. I will tell you that at CMHC before this crisis, as a result of investments we made in IT and mobility for employees, and also to give them the opportunity to work more closely with their clients, we did have a reduced footprint of folks at
May 19th, 2020Committee meeting
Evan Siddall