Public Accounts committee  First of all, I'd like to thank you for the acknowledgement of our staff on the ground. It's very important for our staff to work directly with the proponents. We recognize that creating affordable housing is challenging. It requires a lot of co-operation and partnerships with ma

Public Accounts committee  When you look at the various housing programs that we include in the investing in Canada plan, there are a number of programs that are very specific to support low-income seniors. That's one way. When you look at other housing programs, they are more general in scope but they are

Public Accounts committee  With respect to reporting requirements it's important to note that we've had the most challenges with respect to some of the reporting on some of our legacy programs for many of the reasons Ms. Gill has mentioned. Many of those legacy programs are bound by bilateral agreements wi

Public Accounts committee  For example, we have categories of Canadians who are most in need whom we're targeting: women and children who are fleeing violence, seniors on limited income, indigenous people living in urban areas. As we design the reporting templates we have subsets dedicated to collecting in

Public Accounts committee  I would like to speak for a few moments about the national housing strategy. The member is quite correct, in that it is a very significant investment by the Government of Canada in housing. With respect to the investing in Canada plan, there are aspects of the national housing p

Public Accounts committee  Canada Mortgage and Housing Corporation is Canada's national housing agency, and we have a variety of programs that support Canadians across the housing continuum. With respect to our commercial businesses, which Mr. Scheer mentioned, we consider those commercial businesses whe

Public Accounts committee  It is correct that in March of this year we issued a special dividend. The circumstances for that dividend were quite unique. Typically, we issue dividends on a quarterly basis, as do many commercial entities, based on the revenues we earn from our commercial businesses. With the

Public Accounts committee  It is correct that we pay about $250 million in dividends on a quarterly basis, and that's a result of the risk-based premiums that we charge for our mortgage insurance and securitization businesses. That's in line with the mandate that we have to support financial stability as p

Public Accounts committee  With respect to our mortgage insurance business, for homeowners, the largest demographic would be first-time homebuyers. Again, there's a range in ages, but I would say in the low to mid-thirties.

Public Accounts committee  With respect to our mortgage insurance business, it is for high-ratio mortgages, so, by law in Canada, you have to purchase mortgage insurance when you don't have the 20% down payment.

Public Accounts committee  Thank you very much, Madam Chair. Before I begin, I want to acknowledge that I'm joining you today from my home in Toronto, the traditional territory of many nations, including the Mississaugas of the Credit, the Anishinabeg, the Chippewa, the Haudenosaunee and the Wendat people

Public Accounts committee  Thank you, Madam Chair. We continue to be accountable to our ultimate client—Canadians. In addition to ICP reporting, each quarter we report on the progress of our national housing strategy initiatives, many of which are included in the plan and on our website at www.placetocall