I agree with what Mr. Turner just indicated.
I also would like to add, perhaps to dispel some of Mrs. Wasylycia-Leis' fears, that in over a decade of retail finance, I have never seen a new competitor's entry into the market result in more difficult criteria to qualify for financing. It's always gone the other way. In fact, what happens when people are competing for market share is that they buy what we call in financing “deep”, which means they buy deals that otherwise weren't getting bought. New entrants tend to also be termed “hot buyers”, which means they approve things that otherwise were not getting approved, which means that people with shorter job tenure, worse credit ratings, and higher debt-to-service ratios are suddenly being approved. It is a good thing, particularly for low-income Canadians, that we would have this type of entrant into the market, after having qualified under very stiff criteria.
There are only positives for Canadian purchasers. We heard the financial institutions indicate these savings would be passed on to the purchasers. I think it's all positives.
I understand the intent of what you are putting forward; I just think the market will actually accomplish exactly what you're looking for, all on its own. That's basic competition.