We have welcomed the moves the government has taken on reducing amortization, increasing down payments, effectively raising the credit scores, reducing and effectively eliminating the ability to access mortgage insurance for refinancing and for investment properties. These measures as a whole are contributing to a more sustainable development of the housing market here in Canada, and we welcome them. We also welcome the measures that OSFI has taken to improve the mortgage underwriting standards of financial institutions.
On October 30th, 2012. See this statement in context.