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Human Resources committee  It would be helpful for sure.

February 2nd, 2017Committee meeting

Michel Tremblay

Human Resources committee  As I mentioned earlier, we are aware of the Fraser Institute research. We did look at it and we are going to do research to determine if.... I must say that municipalities do not say that these delays are extensive, just so we know.

February 2nd, 2017Committee meeting

Michel Tremblay

Human Resources committee  We are going to try to perform research to determine if what the builders are saying is true versus what the municipalities are saying. We will see what we can do.

February 2nd, 2017Committee meeting

Michel Tremblay

Human Resources committee  The national housing strategy is not fully developed yet. As I mentioned, we want to assure you that the national housing strategy will target the people in greatest need. We expect there to be a wide variety of initiatives to try and achieve those results. At the moment, I have

February 2nd, 2017Committee meeting

Michel Tremblay

Human Resources committee  I can't speak to all the details, as the national housing strategy is still being developed, but I can safely say that we've heard from Canadians that we need to focus on those Canadians who are most in need. Obviously there's a recognition that a lot of investment is required, b

February 2nd, 2017Committee meeting

Michel Tremblay

Human Resources committee  As I mentioned, we are committed to doing additional research on the availability of land, land restrictions, and so forth. We are looking at performing studies over the next year or so.

February 2nd, 2017Committee meeting

Michel Tremblay

Human Resources committee  Yes, there was. We are just putting the final touches on this program, so I can't speak to a lot of the details, but we are going to be launching it in the near future. It is with the purpose of increasing the supply of rental housing, by up to 10,000 units.

February 2nd, 2017Committee meeting

Michel Tremblay

Human Resources committee  Thank you for the question. At the moment, we are not, but we are in the process of completing a study on the escalating home prices in major urban centres in Canada. You are correct. Obviously, economic factors such as population growth, the average income in these areas, and l

February 2nd, 2017Committee meeting

Michel Tremblay

Human Resources committee  Thank you, Mr. Chair. It's a pleasure to be here. We welcome the opportunity to contribute to the committee's study of poverty reduction strategies. We note that housing is one of the four main areas the committee is focusing on, and for good reason. Research has shown that goo

February 2nd, 2017Committee meeting

Michel Tremblay

Finance committee  Exactly, and you've raised the spectre of appraisals. We are definitely comfortable with the appraised values. We ensure at CMHC...and I'm sure that our competitors are also doing their due diligence in terms of the appraisal values. To support my colleagues' response in terms

January 30th, 2017Committee meeting

Michel Tremblay

Finance committee  We have ongoing discussions with the Department of Finance on these issues. As Sylvain mentioned, obviously the vulnerability to household debt has been a concern to all three of us, but to the Department of Finance also. We've been having discussions over the last few years on t

January 30th, 2017Committee meeting

Michel Tremblay

Finance committee  As Mr. Leduc mentioned, it is early days yet to determine what impact these measures will have, because only a few months have elapsed since they were put in place. To date, volumes at the CMHC have remained more or less the same, but there are several factors that may be at play

January 30th, 2017Committee meeting

Michel Tremblay

Finance committee  Not to my knowledge, no. I think they're under the legislative power of the Department of Finance.

January 30th, 2017Committee meeting

Michel Tremblay

Finance committee  With respect to lender risk sharing, that is why there's a consultation going on. It's to make sure that the government—the Department of Finance in particular—considers all impacts to the system. We are looking at that. I'm sure they're going to get some good feedback on that.

January 30th, 2017Committee meeting

Michel Tremblay

Finance committee  Thank you, Mr. Chair. It's a pleasure to be here. As you know, our president and CEO, Evan Siddall was scheduled to meet with the committee today. Unfortunately, Mr. Siddall cannot be here, but he asked that I deliver these remarks on his behalf. We welcome this opportunity to

January 30th, 2017Committee meeting

Michel Tremblay