Mr. Speaker, yes, I can confirm that the role of underwriting mortgages especially through the five percent downpayment assistance that the CMHC has carried out over the last few years will continue. As I told Members of the House before, CMHC is releasing its responsibilities of delivering social housing to us, to the NWT and to all the other provinces and the Yukon Territory. The role of underwriting mortgages has not been transferred to any of the provinces or the territories. It is something that they are keeping. So, people who presently hold mortgages underwritten by CMHC will continue under the current arrangement that they have and there will be no changes under that program.
Goo Arlooktoo on Question 518-13(4): Role Of Canada Mortgage And Housing Corporation
In the Legislative Assembly on June 2nd, 1997. See this statement in context.
Further Return To Question 518-13(4): Role Of Canada Mortgage And Housing Corporation
Question 518-13(4): Role Of Canada Mortgage And Housing Corporation
Item 6: Oral Questions
June 1st, 1997
Page 1251
Goo Arlooktoo Baffin South
See context to find out what was said next.