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FINA Committee Meeting

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Minutes of Proceedings

42nd Parliament, 1st Session
Meeting No. 68
Wednesday, February 1, 2017, 3:32 p.m. to 7:34 p.m.
Televised
Presiding
Hon. Wayne Easter, Chair (Liberal)

Library of Parliament
• Dylan Gowans, Analyst
• Florian Richard, Analyst
Nova Scotia Home Builders' Association
• Tamara Barker Watson, President
• Sherry Donovan, Chief Executive Officer
Canadian Home Builders' Association
• Bob Finnigan, President
• Jason Burggraaf, Government Relations and Policy Advisor
Canada Guaranty Mortgage Insurance Company
• Andrew Charles, President and Chief Executive Officer
Canadian Mortgage Brokers Association
• Ajay Soni, National President
• Nicholas Hamblin, President, Atlantic Chapter
• Kim McKenney, Secretary and Board Member, Ontario Chapter
Association des professionnels de la construction et de l'habitation du Québec
• Georges Lambert, Senior Economist
• François Vincent, Policy Director
DLC Canadian Mortgage Experts
• Michael Lloyd, Mortgage Expert, Team Lead
First National Financial
• Stephen Smith, Chairman and Chief Executive Officer
Mortgage Professionals Canada
• Paul Taylor, President and Chief Executive Officer
Pursuant to Standing Order 108(2) and the motion adopted by the Committee on Tuesday, June 14, 2016, the Committee resumed its study of the Canadian Real Estate Market and Home Ownership.

By unanimous consent and pursuant to Standing Order 115(5), it was agreed that the Committee continue to sit.

Motion

Dan Albas moved, — That the Committee invite the President and Chief Executive Officer of the Canada Mortgage and Housing Corporation, as well as the Minister of Finance and departmental officials, to appear during an additional meeting on the study of the Canadian Real Estate Market and Home Ownership.

Debate arose thereon.

After debate, the question was put on the motion and it was agreed to, by a show of hands: YEAS: 5; NAYS: 1.

Ajay Soni, François Vincent and Georges Lambert made statements.

At 3:54 p.m., the sitting was suspended.

At 4:21 p.m., the sitting resumed.

Michael Lloyd and Paul Taylor made statements.

The Committee proceeded to the consideration of matters related to Committee business.

It was agreed, — That Jennifer O'Connell replace Steven MacKinnon as a Member of the Subcommittee on Agenda and Procedure of the Standing Committee on Finance.

Canadian Real Estate Home Ownership

Pursuant to Standing Order 108(2) and the motion adopted by the Committee on Tuesday, June 14, 2016, the Committee resumed its study of the Canadian Real Estate Market and Home Ownership.

Nicholas Hamblin, François Vincent, Paul Taylor, Michael Lloyd, Ajay Soni, Georges Lambert and Kim McKenney, answered questions.

At 4:50 p.m., Ron Liepert took the Chair.

At 5:15 p.m., by unanimous consent and pursuant to Standing Order 115(5), it was agreed that the Committee continue to sit.

At 5:33 p.m., the sitting was suspended.

At 6:12 p.m., the sitting resumed.

Stephen Smith, Andrew Charles, Bob Finnigan, Sherry Donovan and Tamara Barker Watson made statements and, with Jason Burggraaf, answered questions.

At 7:34 p.m., the Committee adjourned to the call of the Chair.



Suzie Cadieux
Clerk of the Committee