December 18, 1957 (23rd Parliament, 1st Session)

CCF

Alfred Claude Ellis

Co-operative Commonwealth Federation (C.C.F.)

Mr. Ellis:

Mr. Chairman, would the minister care to give us his opinion as to why lending by private lenders has fallen off in the past year, thus necessitating an increase in direct lending by Central Mortgage and Housing Corporation? Why have conventional lenders not provided the mortgage money?
2558 HOUSE OF
National Housing Act
Is it because they feel the interest rate is too low? Would the minister venture an opinion on that?

Topic:   IS, 1S57
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