Thank you, Mr. Chairman. Could the Minister tell me if that requirement for Canada Mortgage and Housing Corporation approval also applies to an existing home for which a person is accessing funding through the program to purchase?
I am not talking about a new construction, but I am talking about an existing home. Is it inspected? Is there criteria that the house has to meet, such as the Canada Mortgage and Housing Corporation standards, before the Corporation will put money into it? Thank you, Mr. Chairman.