Finance committee  We can look at a bunch of things. We can look at pricing, certainly. We can look at down payment requirements. We can look at credit score requirements. All of those things are on the table. We're actually doing some work right now. Because we're doing that work right now, I di

Finance committee  Not in the short run, because our pricing work actually takes a long time and we have to look at an economic cycle, but we may restrict the business we do in the short run.

Finance committee  It's unusual, or it used to be unusual. Over the last 10 years, we've earned about $17 billion of profit that goes to reduce the deficit. That's incorporated into the federal government accounts. Off to the side, we accumulate cash, and if that cash doesn't go back to the governm

Finance committee  That's correct.

Finance committee  I'll just add that certainly more money is needed, but because the federal government has made substantial investments by the national housing strategy, our plan is to make sure that provinces and territories are doing their part with matched funding, and that municipalities are

Finance committee  It is partly that. Of course, many of them are older economies than ours. The other thing is that in newly developed economies there seems to be a rush to ownership and that skews the data in a different way.

Finance committee  Well, I'd say “rough” density. What I mean by that is, because the supply function is so slow, the better way to attack affordability is densification. The levels of density we have in this country are very low by comparative standards. I know that the pandemic will cause people

Finance committee  That's what I mean: frankly, attacking Nimbyism and people complaining about higher density. It comes with a cost of very expensive housing.

Finance committee  Romy, I'm going to give that one to you. The answer is yes.

Finance committee  We believe there's some misinformation about the program. As I've said, we will be releasing details on May 25. I've just approved the text of that release myself, and it's now going through other processes. In the text there is information as to what a tenant can do to talk to

Finance committee  We designed these programs in a highly multiple-constrained environment. One of the things we didn't want to do was to overly interfere with negotiations between landlords and tenants. We didn't want to be bailing out failing businesses, and we wanted to make sure there was skin

Finance committee  Thank you. That's an important question. This is a forgivable loan. The only way the loan to the landlord is forgiven is if the landlord plays by the rules and passes the savings on to the tenant, and it has to be done through an agreement. That's the mechanism we'll use.

Finance committee  I want to give Romy an opportunity to brag about your properly pointed criticism about how hard it was to deal with us in the first instance. It's not Romy's fault, it's my fault. We designed a program that I insisted we launch quickly and as a result, it was a little clunky to s

Finance committee  If I might add, under those two programs, to the rental construction financing initiative we've committed $6 billion in loans since the program started in April 2017, and since the co-investment fund launched in April 2018 we have committed $851 million in repairs, $381 million i

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.