Thank you, Mr. Chairman. This also applies to a refinancing. Now, if you are not switching houses, but the market value of your house is down, now in addition to having less ability to take money out of the market, there is this fee. I was wondering if the Minister has looked at the frequency of that type of transaction as opposed to just looking at the buy-and-sell transaction where many people go to use their houses for equity in order to purchase other things, buy other things around that are needed, that may not be, or even maybe renovating their own homes. When the unit is refinanced, there is a fee paid in there. What type of impact is that having directly on the people who are refinancing their homes?
Tom Beaulieu on Committee Motion 161-18(3): Standing Committee on Social Development Report on the Review of Bill 40: Smoking Control and Reduction Act and Bill 41: Tobacco and Vapor Products Control Act - Government Response to Recommendations, Carried
In the Legislative Assembly on August 12th, 2019. See this statement in context.
Committee Motion 161-18(3): Standing Committee on Social Development Report on the Review of Bill 40: Smoking Control and Reduction Act and Bill 41: Tobacco and Vapor Products Control Act - Government Response to Recommendations, Carried
Consideration In Committee Of The Whole Of Bills And Other Matters
August 12th, 2019
Page 5942
See context to find out what was said next.