Thank you, Mr. Chairman. I am kind of wondering why they have that criteria in place that they have to meet Canada Mortgage and Housing Corporation standards? Does the Corporation have engineers that, when they say a building is Canada Mortgage and Housing Corporation approved or built to Canada Mortgage and Housing Corporation standards, then the Corporation goes on that basis that they are making a good investment into a house?
I know of one situation in particular that was given Canada Mortgage and Housing Corporation approval, that was built to Canada Mortgage and Housing Corporation standards. People that buy houses and access the corporation funding are not necessary design or construction engineers and if a situation happens where the Corporation gives its stamp of approval on a house and puts funding into it, then this is to assist a homeowner that has to go out and get a mortgage on top of that. Seeing as the house is approved by Canada Mortgage and Housing Corporation standards, the bank also goes along with that because they know the Corporation is already given its approval that it has met Canada Mortgage and Housing Corporation standards so the bank is comfortable with lending money.
Who is responsible when a situation like that happens? When it is determined that it is not Canada Mortgage and Housing Corporation standard by a long shot?