A sponge drying up in your kitchen sink is enough to raise your kitchen's air humidity by 10%. Shut down your ventilation and you'll see, you won't suffocate but instead you'll get mold starting to pop-up. Moisture is the reason why houses have ventilation system in the first place.
As I said elsewhere in this thread, though, there's a problem with “dumb” ventilation systems though: they can't really adapt to big variations in outdoor conditions, and as such they tend to suck way too much air out of your house than needed during the cold days.