The more players there are on the market, the more the lenders will be able to develop products that will have to be offered at competitive prices and that is something consumers will benefit from.
I gave you the example of a shared-risk product that we developed with Genworth and that led to the consumer benefiting from in terms of a 40 per cent premium reduction. Our involvement with the CMHC is mainly confined to the rental market, and it gives us the opportunity of offering better interest rates to those borrowers who have insurance.
If there were a third or a fourth entrant on the market, then perhaps we could develop other products. The problem is that when there are only two insurers, the same product is offered by both at the same prices and under the same conditions. This situation limits us as lenders in terms of the number of products we can develop.