Thank you, Madam Speaker. Madam Speaker, I'm still concerned with this EDAP program that we're not really getting anywhere, and I'd like to hear some real solid answers from the Minister responsible for the Housing Corporation. I want to start hearing some real details of how we're helping honest people out there to get them into houses, and I want to see some reasonability of this program, because I still think it's out of touch and it's only helping certain people. The reason I say that is because the program is structured in such a way that if you have two incomes, you're practically exempt from this program the way the structure is set up. So I am overly concerned that it could be looked as the program of the well connected, and it has the appearance of only helping very few. That being said, I did a little calculation on Canadamortgage.com and if you have a purchase price for a house of $200,000 and you have a down payment of $72,000 your mortgage payment is under $800 a month. So what is the methodology of this program? Is it to ensure that people have payments as little as possible? Thank you, Madam Speaker.
Robert Hawkins on Question 34-15(4): Expanded Downpayment Assistance Program
In the Legislative Assembly on May 27th, 2005. See this statement in context.
Question 34-15(4): Expanded Downpayment Assistance Program
Item 6: Oral Questions
May 26th, 2005
Page 63
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